Jovelyn D. G. is from the village of Brgy.Buliwao,Quezon,Nueva Vizcaya. She is 34 years old. Jovelyn is married and has four infant children. To make a living, Jovelyn raises livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for breeding. Jovelyn has been engaged in her business for more than eight years and earns approximately 3000 PHP a month for these activities.
In 2009, Jovelyn joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Jovelyn has successfully repaid a previous loan of 7000 PHP from ASKI. This previous loan was used to purchase breeding livestock. Jovelyn is requesting a new loan of 9000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be the third loan taken out by Jovelyn from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fishers, and small-business entrepreneurs.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.