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Milagros
Milagros is 52-years old, married to a farmer, and blessed with six children. She has owned and operated a retail store in their village for almost fifteen years. With this business she's earning a net income of PHP 400 daily. Her profits are usually spent on their daily expenditures and school allowances for her children. Due to insufficient funds to use in her business, she's asking for a loan amount of PHP 15,000 to purchase breads, food seasonings, cooking oil, sugar, and beverages to sell. She's hoping that her business will continue to improve and become more profitable.

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
  • 1446
    View loans »
    Philippines Loans Fundraising
  • $59,139,250
    Funds lent in using Kiva
  • 45.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Milagros to purchase breads, food seasonings, cooking oil, sugar, and beverages to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2013
Listed
Jan 17, 2014
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014