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Jose
Jose is 55 years old, married and has four children. Aside from being a farmer, he also manages a small furniture-making business. He makes cabinets, tables and chairs. From his business, he is able to generate income for his family but it is just enough for their sustenance. He aims to improve it and save funds for future expenses of the family. He is now asking for a loan of P7,000 to buy wood, varnish and sand paper for use in his furniture-making business. This will help improve his output and he may be able to offer the furniture at a higher cost.

Someday, Jose hopes to achieve continuous income and give a better way of life to his family.

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
  • 1202
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Jose to buy wood, varnish and sand paper for use in his furniture-making business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2012
Listed
Sep 7, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013