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Jovelyn
Jovelyn produces snacks that she sells in her village. She needs additional capital for the growth of her business, and so she is requesting a loan of PHP 10,000. With the loan she will instantly purchase stocks of ingredients she needs for cooking. She believes that by having sufficient capital to run her business it will become more productive, which will bring her more income. This will benefit her children, most of whom are still studying.

Jovelyn, a 39-year-old businesswoman, is from the village of Cabisera 25 province of Isabela. She is married to Noli who operates a passenger jeepney (a small bus) which they own. They have five children and Jovelyn wishes to provide a good future to all of them. No matter how hard it is to have a big family, she knows that they will be able to attain their dreams as long as there is strong determination among them.

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
  • 1291
    View loans »
    Philippines Loans Fundraising
  • $57,936,400
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Jovelyn to buy cooking oil, bananas, sugar and juices for her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 7, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 22, 2013