Midred is married and she is now 51 years old. She owns and manages a small general store where she sells different grocery items. Mildred has been in this business for almost 7 years.
Mildred is asking for a loan of PHP 18,000 to purchase canned goods, noodles, coffee, sugar and bread to sell. She usually earns about PHP 6,000 each month in this business.
In the future, Mildred hopes to make her business grow in order to earn a higher income to help her husband in gaining income for the sake of their children's futures. She is thankful with the financial assistance offered by the Kiva lenders that helps her to strengthen her small business. She believes that she can improve it with the continuous support and assistance of the 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.