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Aug 10, 2016 5:41 PM ET

Archived: Philippines – Marlyn: A loan of $550 helps to buy more groceries to sell.

iCrowdNewswire - Aug 10, 2016


Borrower image

Marlyn’s story

Marlyn is 26 years old, married and has one child.

Her husband is a farmer who grows corn in their farm. While taking care of her child, Marlyn runs a retailing store. She sells groceries, rice grain, livestock feed, and vegetables in their village. and has run the business for almost one year. She observes that most of her customers look for meals in her store.

Because of this, she has decided to cook meals to sell. Therefor, Marlyn is requesting a loan of P25,000 to buy more groceries. She will also use the loan to buy raw meat, and ingredients in cooking dish for meals to sell. Selling more items will help her increase her income from the business. 

This loan is special because:

It allows this borrower to access a loan, plus other family-oriented services. 

Mark McDonagh
Kiva staff 

More about this loan 

About Alalay sa Kaunlaran, Inc. (ASKI):

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.

A loan of $550 helps to buy more groceries to sell.

Contact Information:


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