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Josephine has been a good borrower since she started borrowing financial services from lenders. Josephine is 47 years of age. She lives with her live-in partner and two children. She started selling bananas, vegetables and ingredients in the year 1990. She is thankful because through her hard work, determination and patience, she was able to increase her sales and profit. Now she wants to have a continuous smooth flow of her business. That’s the reason she is asking for another loan of PHP 40,000. She will use this loan to buy stocks of banana, baguio beans, sayote(chayote), onion, ginger and garlic for her fruit and vegetable business. She hopes that her requested loan amount will be granted so she can educate her two children, improve her financial stability and have a better way of living someday.

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
  • 516
    View loans »
    Philippines Loans Fundraising
  • $69,838,675
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Josephine to buy stocks of banana, baguio beans, sayote (chayote), onion, ginger and garlic for her fruit and vegetable business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 6, 2013
Mar 7, 2013
Currency Exchange Loss:
Sep 19, 2013