Check out some available loans that are similar to this one!
Joey
Joey G. runs a general store selling both food and daily use products in his community. He is 44 years old, married and has four school-age children. They are from the village of Bagong Sikat, Alicia, Isabela. Joey has been in his business for over two years and earns approximately 4,200 Philippine pesos (PHP) a month.

In 2006, Joey joined ASKI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Joey is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and for working capital. This will be his fourth loan from ASKI. He plans to use the additional revenue to improve and expand his business.

About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the central and northeastern areas. Its clients are mostly farmers, fisherfolks 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
  • 1458
    View loans »
    Philippines Loans Fundraising
  • $59,151,425
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Joey to purchase additional inventory and for working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2010
Listed
Aug 1, 2010
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2011