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Jeralyn Ignacio's Group
In this Group: Jeralyn , Maricel , Conchita , Vilma , Merly , Lourdes , Eduardo , Mercedes , Valentina , Charie , Maribel , Marina , Verlie
Jeralyn is married and 44 years old with two grown children. She is the leader of a 13-member group loan. She has a retail shop where she offers daily-use products such as creamer, coffee, sugar, bath soap, shampoo, toothpaste, food snacks like soft drinks and crackers and a lot more. Jeralyn has had this business for six years.

She is requesting a loan of PHP 16,000 to purchase coffee, spices, sugar, etc. to generate additional income.

In the future, Jeralyn hopes to become successful in making her business grow and giving her family a comfortable life.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jeralyn Ignacio's Group's $4,425 loan helped a member to purchase coffee, spices, sugar, etc. to sell.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
May 16, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011