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Miraflor
Miraflor is a fruit vendor particularly selling bananas. She buys them at a wholesale price and re-sells them at retail. She is 35 years old, married and has two children. Her spouse works abroad. The couple works hard to earn an income for the education of their children.

Miraflor is now asking for a loan of PHP 35,000 to buy more bananas to sell. It will add to her capital and allow her to develop her small business.

Some day, with good sales and income, Miraflor will be able to save funds for education and future expenses of the family.

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
  • 881
    View loans »
    Philippines Loans Fundraising
  • $54,390,175
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Miraflor to buy more bananas to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 23, 2013