Mildred’s store has been a big help in their family, as each week she can earn a gross income of at least P 5000, budgeting that income to support the studies of her eldest, since the nursing course is very expensive, and the educational needs of her other two children. Some of the earnings are also used to maintain their corn and rice farming business.
To further sustain her store and farming business, Mildred is requesting a loan as additional capital with which she will buy more goods to offer in her store. The said amount will make her store profitable and hopefully enable her to convert it into a grocery store. In this way, she can provide for the immediate needs of the people in the community and spare them the inconvenience of having to go to the market for their basic requirements.
Through the income from her business, Mildred is able to provide the medication for her eldest child who is suffering from lupus, a chronic auto-immune disease that can be fatal. She prays that they can prevail in their struggle and that her child will be cured. She loves her family and becomes teary- eyed whenever she remembers her child's sickness. According to Mildred, her child is strongly fighting her sickness, and this gives her the strength to overcome it.
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.
297View loans »
Success!! The loan was 100% repaid