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Mila
Mila is 52 years old, married and has three children. Her youngest child still attends school. To earn income, for over 10 years Mila has been managing a store where she sells grocery items. She usually earns about 10,000 PHP each month and this money goes for meals and school expenses.

She would like to increase her sales capacity and keep earning a good income, so she is borrowing 30,000 PHP to buy eggs, noodles, bread, soft drinks and sardines to sell in her store.

Mila hopes to keep generating good sales and still extend her friendly ways to her customers. This will lead her to achieve financial stability someday.

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
  • 294
    View loans »
    Philippines Loans Fundraising
  • $52,099,125
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Mila to buy eggs, noodles, bread, soft drinks and sardines to sell in her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Nov 11, 2012
Currency Exchange Loss:
Possible
Ended:
May 24, 2013