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Josefina
Josefina is married to Marcelo and they have five children. Four of her children are married while the other one is working in Manila.

According to Josefina, a furniture shop has been their primary source of income before. Because of patience, hard work and determination to have a better way of living, she and her spouse were able to start up their variety store and livestock business. Josefina has now been running her variety store for 15 years. She would like to keep her variety store stocked and with complete basic necessities to offer within her local community. She believes that through providing complete basic necessities to her neighborhood she could encourage more customers which will enable her to make enough profit for her family needs.

Josefina request a loan of PHP 7,000 which will be used to buy merchandise for her variety store. She hopes to obtain this loan amount in order to have continuous business growth.

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
  • 1155
    View loans »
    Philippines Loans Fundraising
  • $54,905,900
    Funds lent in using Kiva
  • 41.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Josefina to buy merchandise for her variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 19, 2012
Listed
Oct 2, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013