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Jonathan
Jonathan offers various kinds of vegetables inside the public market of Santiago. He is 35 years old and married with three children. Two of his children go to school while his youngest child is an infant. He dreams of being a successful entrepreneur someday, that's why he is doing his best in order to achieve his dream. One of the ways to make it possible is through borrowing additional capital. So, he is requesting a loan of PHP 20,000 which allows him to buy additional stocks of vegetables such as baguio (green) beans, broccoli, celery and red pepper for his vegetable selling business. He hopes that through this additional capital he can keep his business profitable and progressive. In this way, he can earn more income and educate his three children.

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
  • 262
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Jonathan to buy additional stocks of vegetables such as baguio (green) beans, broccoli, celery and red pepper for his vegetable selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013