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Marvie is 43 years old, married and has four children. They live at Amulung where she put up a small buying station for rice and corn. Her spouse is her partner in managing the business. Marvie also works as a teacher.

Marvie is now asking for a loan to invest in expanding their business. She hopes to keep increasing income for the education of their children. She is asking for a loan of 50,000 Philippine Pesos (PHP) to buy additional farm supplies (fertilizers) to sell. She will also use her loan as additional revolving capital in buying corn and rice to re-sell.

Someday, with good profits, she will achieve financial stability and give the best education to her children.

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
  • 460
    View loans »
    Philippines Loans Fundraising
  • $69,645,400
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Marvie to buy additional farm supplies (fertilizers) to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 11, 2013
Jan 30, 2013
Currency Exchange Loss:
Jul 17, 2014