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Jocelyn O. is from the village of Brgy. Quezon, Solano, Nueva Vizcaya. She is 36 years old, married and has three school-aged children. To make a living, Jocelyn owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes from providing catering services in the local community. Jocelyn has been engaged in her business for over 10 years and earns approximately 8,000 PHP a month from these activities.

In 2007, Jocelyn joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. As with her previous loan of 25,000 PHP from ASKI which she has successfully repaid, this new loan of 30,000 PHP will be used to purchase the materials needed to expand the services provided. This will be the seventh loan she has taken out from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the central and north-eastern areas. Its clients are mostly farmers, fisherfolk and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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
  • 1942
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 44.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Jocelyn to purchase the materials needed to provide more catering services.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Mar 24, 2010
May 1, 2010
Currency Exchange Loss:
Oct 15, 2010