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Josephine
Josephine is 50 years old and a mother of three.

She manages a small retail store while her husband works on their farm. Due to financial hardship, she would like to improve and increase her business to generate a higher income, and so she wants to acquire more stocks of grocery items to resell. As she has limited capital, she is asking for a loan of PHP 40,000 to buy more stocks of canned goods, soft drinks, noodles, junk foods, beverages, seasonings, laundry soaps and seasonings.

She hopes she will receive this financial assistance as she believes that it will make her business more 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.

Tags

About Philippines

  • $1175
    Average annual income
  • 411
    View loans »
    Philippines Loans Fundraising
  • $52,706,975
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Josephine to buy more stocks of canned goods, soft drinks, noodles, junk foods, beverages, seasonings, laundry soaps and seasonings to resell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2014
Listed
Aug 21, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015