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Michiko
Michiko is a hardworking mother who owns and manages a mini-grocery store in their community. This is her way of helping her husband in generating income for their family. They aimed to become financially stable in order for them to educate their five children and give them a better life. Despite problems and difficulties they encountered in life, they have the determination to work out their plans for they believed that, "patience and hard work will enable them to achieve their goals in the future."

To achieve their goals, Michiko aimed to acquire more grocery items and frozen food to sell in her mini-store. Due to insufficient capital, she is asking for an additional loan of 50,000 PHP to buy frozen foods, soft drinks, beverages, noodles, eggs, snack foods, soaps, canned goods and seasonings for sale. She hopes that this financial support will help her to improve the business and is hoping that they achieve their goals in the future.

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

  • $1175
    Average annual income
  • 1131
    View loans »
    Philippines Loans Fundraising
  • $54,578,425
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Michiko to buy frozen foods, soft drinks, beverages, noodles, eggs, snack foods, soaps, canned goods and seasonings for sale.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 6, 2012
Listed
Sep 22, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013