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Joe-Mel
Joe-Mel is now 27 years old and still single. Due to financial constraints, she didn't pursue her studies in college. Despite this, she has the ambition to become successful and financially stable in the future. With a small capital, she started buying and selling smoked fish, frozen foods and retailing electronic load in their village to generate income. She aimed to improve and strengthen the business to increase her income. For this reason, she planned to acquire more stocks of the said products to sell, but she has limited capital. Therefore, she is requesting for an additional 10,000 PHP to buy more stocks of smoked fish, frozen foods and load wallet to sell. In the future, she is hoping that she will make the business viable and profitable.

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
  • 389
    View loans »
    Philippines Loans Fundraising
  • $50,811,475
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Joe-Mel to buy more stocks of smoked fish, frozen foods and load wallet for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 23, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013