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Josephine
Josephine is 48 years old, married and has been blessed with three children: Maricel, 30 years old and married; Joemar, 28 years old and a computer technician; and Mary Joy, who is 14. Josephine is married to Marcelino, a farmer, and the family lives in Sillawit, Cauayan City, a semi-rural area.

For the last 14 years, Josephine has made a living managing a genral store where she sells basic commodities, cooked foods and snacks. She earns about PHP 800 a week, and has applied for a loan for PHP 25,000 to buy more items to sell to her customers. She hopes to secure her loan quickly because, as she puts it, "you live your life just once, so you should do things that are meaningful and rewarding."

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

  • $1175
    Average annual income
  • 974
    View loans »
    Philippines Loans Fundraising
  • $54,528,050
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Josephine to expand a small retail store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2009
Listed
Oct 7, 2009
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2010