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Marcelina
Marcelina runs a direct-sales business which specializes in cosmetic products. She has been running this business since 2002, and supplements her income by farming. She is married and the mother of six children, four of whom are married and one of whom lives overseas. Her youngest child is still in school. Marcelina is requesting this loan for PHP 20,000 to buy stocks of cosmetic products such as lotions, perfumes and make-up kits in order to fill a large number of orders. She would like to grow her business so that she can let her youngest child finish her studies and also secure her family's future.

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
  • 1493
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Marcelina to buy cosmetic products such as lotions, perfumes and make-up kits for her direct-selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Sep 27, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014