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Jonervin
“Working hard is the best solution in order to earn more for the welfare of your family” says Jonervin A., 24 years old and a village operator from San Manuel, Isabela. He is married to Clarita, his business partner. The couple is quite sad because they do not have a child to inspire them more.

Their sari-sari store (community-based store) is situated in front of their house. They earn a weekly income of PHP 1,800 that they budget for their immediate needs and a rolling capital. Jonervin wants to improve his business and for him to fulfill his plans, he is asking for financial assistance of PHP 5,000.00. He will use the capital to purchase more inventory for the store.

He hopes to have a stable living with his wife through his community store. His business investment will be a big help in providing a better life for his future children, said Jonervin.

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
  • 873
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Jonervin to purchase more inventory.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 13, 2009
Listed
Mar 1, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2009