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Milagros
Milagros is a responsible mother, who is engages in vegetable vending to support her husband, generating income for their daily consumption and saving some for their future.

She is 56 years old, and has four grown-up children. She aimed to earn and save more income to help her children in financing the education of her grandchildren and satisfying their necessities. In this regard, she is requesting for additional capital of PHP 10,000.00 to improve her business.

She planned to spend the loan in buying more stocks of vegetables, meat, fish and frozen foods for sale. Through patience and hard work, she believes that she will make the business more profitable 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

  • $7,000
    Average annual income
  • 1228
    View loans »
    Philippines Loans Fundraising
  • $57,777,750
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Milagros to buy additional stocks of vegetables, meat, fish and frozen foods for sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Jan 30, 2013
Currency Exchange Loss:
Possible
Ended:
May 24, 2013