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Marinel
Standing and sitting for the whole day just waiting for customers who will buy her products is hard for Marinel. But, she will work just to meet her children's needs and give them a better way of living. Marinel has her stall in the market, where she sells dresses, bath soap, shampoo and shoes.
She requests a loan of PHP 30,000 which is hard to pay in weekly payments, but Marinel will manage as she wants to achieve her goal which is to expand her business. According to her, someday her small stall will grow to be one of the biggest stalls in the market. Marinel will use the loan to buy different kinds of dresses, shampoo and shoes to sell to her customers.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

Tags

About Philippines

  • $1175
    Average annual income
  • 296
    View loans »
    Philippines Loans Fundraising
  • $52,091,300
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Marinel to buy different kinds of dresses, shampoo and shoes to sell to her customers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 16, 2013
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2013