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Marinel
Marinel is from Aliaga, Nueva Ecija. Her family’s source of income is farming. It is a seasonal business, which is why sometimes their income is not enough. It is difficult for her parents to sustain them, especially now that she is studying in college. She is studying to attain a B.S. Business Administration at the College of the Immaculate Conception.

Marinel wants to finish college to help her parents and be able to repay all their hardships. To make this possible, she wants to take a loan of PHP 70,000 from the Kiva lenders to pay for her tuition fees.

Additional Information

More information about this loan

This loan is part of ASKI’s effort to provide capital for low-income students to access higher education. ASKI has designed two loan products intended to fulfill different needs. This loan product covers tuition fees and allowances for an entire educational program. The repayment term for the latter loans will typically be longer – up to 8 years. Students begin repaying their loans once they graduate. 
 
By funding this loan, you are giving students access to higher education under flexible terms that will fit their needs.

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
  • 286
    View loans »
    Philippines Loans Fundraising
  • $52,221,600
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,625 helped Marinel to pay for her tuition fees.
0% repaid
Repayment Term
50 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Jun 30, 2014
Listed
Jul 29, 2014
Currency Exchange Loss:
Possible