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“Try and try until you succeed” is the guiding principle of Milagros M. from the village of Bonfal Proper, Bayombong, Nueva Vizcaya. She have four children who are studying in the tertiary and secondary level of education. She is a responsible mother to them and wishing them their success in the future. They wanted them to become successful in their chosen career so that they will have a bright future in return.

In this regard, she and her husband Benjamin are helping one other to earn a living and support the education of their children. They cultivate their farm by planting rice and vegetables. Furthermore, Milagros is engaged in selling dried fish and fish sauce in their village through house to house delivery. She is borrowing additional business capital of PHP18, 000 that will be used in the development of her vending business. According to her, because of patience, she is able to generate the amount of PHP900 weekly income from her business. Her business income is really of big help to the needs of her family. She hopes to improve the loan she is borrowing by investing into the development of her selling business.

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
  • 1855
    View loans »
    Philippines Loans Fundraising
  • $60,929,450
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Milagros additional capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Aug 26, 2009
Sep 25, 2009
Currency Exchange Loss:
Mar 15, 2010