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Maricel operates their tricycle business for passengers' transportation. She is 31 years old, married, and has four children. Her husband is the driver of their tricycle. She has been in this business for five years. Maricel's children are all attending school.

Her business is not the only source of income. They also engage in the farming business which their income usually goes for their children's education.

Maricel wants their passengers comfortable when arriving. She is requesting a loan of PHP 40,000 to pay for their tricycle sidecar. She hopes that her husband will have more passengers to transport and increase his daily earnings.

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
  • 417
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Maricel to pay for their tricycle sidecar.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 12, 2012
Jan 8, 2013
Currency Exchange Loss:
Sep 23, 2013