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Margarita
Margarita supports her family by buying and selling rattan products in her community. She is 58 years old, widowed and blessed with five children. Despite the many hardships she has faced, she is determined to be successful and financially stable in the future. Her goal is to make her business more profitable in order to generate a higher income. She is requesting a loan for PHP 25,000 to buy more soft brooms, baskets and other rattan products to resell. She hopes to use this loan to make her business more viable and profitable.

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

  • $1175
    Average annual income
  • 292
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Margarita to buy soft brooms, baskets, and other rattan products to resell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
May 29, 2014
Currency Exchange Loss:
Possible
Ended:
Nov 17, 2014