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John Michael
As a way of gaining income, John Michael engages in buying and selling of fruits and vegetables. He is 27 years old, married and has one infant child. Being a responsible father, he aimed to become financially stable so that he will provide his family's needs and give them a better life. He planned to improve and strengthen the business to make it a more viable and profitable source of income. To improve the business, John Michael is asking for additional capital of 30,000 PHP to buy pineapples, guyabano, bananas, papaya, pomelo, rattan fruits, cabbages, beans, carrots, soft brooms and charcoal for sale. He believes that this financial assistance will make it possible to improve the business and is hoping that someday, he will make the business grow and achieve his goals in 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.

About Philippines

  • $1175
    Average annual income
  • 353
    View loans »
    Philippines Loans Fundraising
  • $50,982,700
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped John Michael to buy pineapples, guyabano, bananas, papaya, pomelo, rattan fruits, cabbages, beans, carrots, soft brooms and charcoal for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013