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Marichel
Marichel is 32 years old and married. She was gifted with only one child and they live happily in a rural community. Together with her husband, they aim to improve their status of living in order to give their child a better life. With this regard, Marichel wants to improve her small retail store to generate a higher income. Having insufficient capital, she is requesting for a loan of PHP16,000.00 to purchase more stocks of soft drinks, snack foods, laundry soaps, canned goods, noodles, beverages and seasonings to sell. She is hoping that she will avail her loan request to be able for her to improve the business.

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
  • 1507
    View loans »
    Philippines Loans Fundraising
  • $59,194,375
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Marichel to purchase more stocks of soft drinks, snack foods, laundry soaps, canned goods, noodles, beverages and seasonings to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
May 24, 2014
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014