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Jonas
Jonas owns a variety store, refreshment stall and Internet cafe. He has been running his refreshment stall for five years and earns about PHP15,000.He uses his income to support his Internet cafe stall, refreshment stall and daily commodities and allowances for his two children.

Jonas would like to increase his fresh coconut juice supply having sold out of it. He is requesting a loan of PHP 23,000. He knows that through this loan, he could gain more income and re-stock his variety store.J onas is hoping for approval of his requested loan amount in order for him to have a comfortable living condition and earn greater profits.

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
  • 986
    View loans »
    Philippines Loans Fundraising
  • $54,491,625
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Jonas to buy more coconut for his refreshment stall and grocery items for his variety store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 19, 2013
Listed
Feb 19, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013