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Joel is married to Marnelie, who chose to become a housewife to take good care of their only child, Princess Joan Mae. Still young at the age of 27, he is very aggressive in continuously improving his cell phone shop. By doing so, he knows that more customers will come in, thus providing more income and savings for his family. His cell phone shop has been their sole source of income since they got married. His family is now living in Barangay Arcon, Tumauini, Isabela, Philippines.

Because of his goal to make his business successful, Joel has decided to borrow money to use as his additional capital. He knows that success is only possible if he expands his business. Also, he plans to start a new venture: a hog-raising business that he has engaged in before. He wants to borrow at least Php7, 000 to assist him in fulfilling his dreams.

“The bottom line in a business' success is patience, hard work, and, most of all, trust in God,” Joel says.

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

  • $7,000
    Average annual income
  • 767
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 49.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $150 helped Joel additional working capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 18, 2008
Dec 2, 2008
Currency Exchange Loss:
Jun 15, 2009