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Milo
Milo P., age 47, is from the village of Salamague Lamut, Ifugao. He is married and has four school-aged children. To make a living, Milo raises livestock, specifically pigs, for fattening and sale. Milo has been engaged in his business for over three years and earns approximately 4,000 PHP whenever he sells one of his raised animals.

Milo joined ASKI this year to gain access to financial services. His goal was to help improve his living situation and increase his ability to engage in business activities. Milo is requesting a new loan of 8,000 PHP, which will be used to build shelter for his livestock. This will be the first loan taken out by Milo from ASKI. He plans to use the additional revenue generated from the business to pay the tuition fees of his children.

About ASKI:

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, fisherfolk, 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.

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
  • 1245
    View loans »
    Philippines Loans Fundraising
  • $57,792,650
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Milo to build shelter for the borrower's livestock.
100% repaid
Repayment Term
2 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 25, 2010
Listed
Sep 25, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010