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Joselyn
Joselyn sells rice, salt and cooking oil within the public market of Santiago. She is separated and has six children. She has custody of all her children. Being the single bread-winner of a family is hard, but Joselyn's guiding principle is willingness and hard work in order to for her to get ahead in life.

According to Joselyn, she started her rice retailing business with a capital of 50,000 PHP. She is really glad because her sacrifice bore good results. Now, as her children grow, her expenses also increase. Due to this Joselyn has decided to request for financial assistance amounting to 20,000 PHP which would enable her to buy more sacks of rice. She hopes that her rice retailing will continue to improve so that she can educate all her children and give them a brighter future.

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
  • 271
    View loans »
    Philippines Loans Fundraising
  • $52,821,850
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Joselyn to buy more sacks of rice for her rice retailing business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 17, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2013