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Joseph
Joseph is a business-minded man who dreams of expanding his business. He is engaged in the business of selling dry goods such as bags, different kinds of clothing, toys and accessories for ladies.

Joseph is a young entrepreneur, married and having one child. His main priority is to educate his only child and uplift their lifestyle out of poverty. Due to the insufficient capital he has, Joseph is asking for a loan of P40,000. This loan amount will be used to purchase stocks of dry goods such as bags, RTW's, plastic toys for kids and different kinds of accessories for women. Joseph hopes that his loan will provide him greater profits in order for him to succeed and will enable him to educate his only child.

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
  • 1087
    View loans »
    Philippines Loans Fundraising
  • $54,713,650
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Joseph to buy stocks of dry goods such as bags, clothing, plastic toys for kids and different kinds of accessories for his stall.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2012
Listed
Jul 1, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012