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Marites
Marites is a 40-year-old widow. She is blessed with three children. Currently, one of her children goes to school, one child works, and her youngest is still just an infant.



To earn a living, Marites manages a general store and restaurant within her local community. Marites has been engaged in this business for 22 years.



She is hoping to attract a smoother and more continuous flow of customers to her general store and restaurant. For her plan to be realistic, she is hoping to secure additional capital in the amount of 40,000 PHP, which will be used to purchase grocery items such as soft drinks, assorted biscuits and raw meat for her general store. She believes that the requested loan proceeds would help her general store and restaurant to be profitable in the future. She thanks lenders for their support.

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.

About Philippines

  • $7,000
    Average annual income
  • 1299
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Marites to expand and improve her general store business by purchasing additional grocery items (e.g., soft drinks, assorted biscuits, and raw meat).
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 4, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014