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Marites lives in Solana with Raymundo, her spouse, and a daughter who is attending school. The family lives are less fortunate. Instead of being lazy at home, Marites runs a store selling grocery items in her neighborhood. This way, she can add to her spouse's income, which is derived from a farming business.

Marites needs to increase the quantity of nerchandise she offers, in order to acquire more sales from the business, but she has inadequate capital to buy merchandise. She is now asking for a loan of PHP 10,000 to buy milk, sugar, canned goods, soft drinks, breads and eggs to sell.

In the future, Marites would like to continue growing as a businesswoman for the overall welfare of her family.

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
  • 490
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Marites to buy milk, sugar, canned goods, soft drinks, breads and eggs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 22, 2012
Mar 10, 2012
Currency Exchange Loss:
Sep 15, 2012