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Milagros
Milagros is hard-working and a business woman. She is happily married with four grown-up children. Three of her children are married while the other one is business oriented. Milagros' earned income goes toward their daily consumption and monthly payment for water and electric bill.

Milagros sells rice and in the evening she sells 'balut' (a Filipino delicacy with eggs) at a bus terminal of Victory liner. She is grateful because she is able to run her business smoothly. This time, Milagros plans to increase the bags of rice she offers and buy sacks of charcoal as an additional source of income. But her capital is no longer enough with regards to this situation, so she is requesting a loan of PHP 20,000. She hopes for continuous progress of her rice retailing business so she can satisfy customer demand and have a better way of life 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

  • $7,000
    Average annual income
  • 1431
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Milagros to purchase bags of rice and sacks of charcoal for her retailing business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 14, 2013
Listed
Mar 16, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013