🍤 October’s Microloan: When You Save Money, a Carinderia Grows!
For our Kiva microloan project for October 2017, we’re contributing to a kalinderia in Nueva Ecija, Philippines. Susana, a Filipina entrepreneur from Gapan City, has run a carinderia in her town for almost a decade, where she sells different regional cuisines of the northern Philippines to the community as her primary source of income.
She is applying for her 2nd microloan thru the Alalay sa Kaunlaran Inc. (ASKI) which provides business loan services throughout a number of provinces in the northern Philippines. With the help of a ₱40,000 business loan, Susana hopes to cover the maintenance costs of running her restaurant, such as purchase vegetables, fruits, and condiments, in the hopes of generating more income to support her family.
👍 Don’t forget: Each time you purchase something through the Mango Ave deal site to your favorite online shopping stores — including Zalora Ph, Lazada Ph, Althea Ph and more — we’ll donate $.25 USD for every commissioned sale to our Kiva micro loan Philippines portfolio.
You can view last month’s project, as well as the entire Mango Ave micro loan portfolio at https://www.kiva.org/lender/raysofthesun on the Kiva website. Question? Please email us directly, or send us a direct message on Facebook.
🌏 When You Save Money, Southeast Asia Grows
At Mango Ave, our mission is to provide the knowledge and resources necessary for “the everyday” Southeast Asian consumer to make smarter financial decisions today, for a brighter economic tomorrow by “Helping You Save Each Day”. In parallel, we have an internal initiative dedicated giving back a portion of our profits back to the Southeast Asian community.
Did you know that when you save with the best online shopping Philippines, you’re helping Southeast Asia’s economy to grow? One of our guiding principles is to give back by helping to create a brighter economic future for all individuals in Southeast Asia. We donate $.25 USD of every sale to our US-based micro loan portfolio to empower female entrepreneurs in Southeast Asia to launch (or grow) their business dreams!
“We Fund Microloans, Get Repaid & Fund More Microloans”
Whether it’s helping a coconut farmer in Misamis Occidental purchase more fertilizer, or food-seller in Dumaguete increase food production, we fund projects that add value to the entrepreneur’s community.
And when the recipient pays back the microloan — typically, under 16 months — we roll the re-invest the funds into another project, to assist another entrepreneur. This allows the process to be repeated, and more importantly, enables our investment capital to grow and foster a stronger Southeast Asian economy.
This belief in “Pagkakaisa” (unity, solidarity) shows you Mango Ave’s commitment to serving Southeast Asia in both personal finances and country.