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Jomar
Jomar is 22 years old and still single. He planned to earn and save more income to help his parents in financing the education of his younger brother and sisters. Due to lack of job opportunities, Jomar engages in buying and selling of betel nuts and tobacco in their community to generate income. He aimed to strengthen the business in order to generate sufficient income. Due to insufficient capital, he is requesting an additional loan of PHP 10,000 to buy more stocks of betel nuts and tobacco to sell in the community. He is hoping that this loan will make it possible for him to improve and strengthen the business.

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
  • 331
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Jomar to buy more stocks of betel nuts and tobacco to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 30, 2013
Listed
Feb 15, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 23, 2013