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Maribel
Maribel is 34 years old, married and has three children. She manages a variety store selling beauty products, cellular phone accessories, school supplies and clothes. Her spouse is an Overseas Filipino Worker (OFW), and they need to work and earn for their children’s futures. Maribel wanted to expand her business which is why she is now asking for additional capital of 35,000 PHP to buy school supplies for the next school year such as bags, notebooks, umbrellas, and pens. She will also add clothes and slippers to sell. This will help increase her sales and gain additional profits. She hopes to keep selling affordable items and someday improve her stall by making it bigger in order to display more items in it.

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
  • 1474
    View loans »
    Philippines Loans Fundraising
  • $59,151,750
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Maribel to buy school supplies such as bags, notebooks, umbrellas, and pens to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2014
Listed
May 17, 2014
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2014