Amelia D. C., age 43, is from the village of Brgy. Maddiangat, Quezon, Nueva Vizcaya. She is married and has five school-aged children. To make a living, Amelia owns and operates a clothing business. The main source of income for the business comes primarily from providing clothing alteration services to local community members. Amelia has been engaged in her business for over seven years and earns approximately 5,200 PHP a month from these activities.
In 2009, Amelia joined ASKI to gain access to financial services. Her goal was to help improve her living situation and increase her ability to engage in business activities. Amelia has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase additional equipment and tools such as needles and threads. Amelia is requesting a new loan of 9,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be the third loan taken out by Amelia from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the central and northeastern areas. Its clients are mostly of farmers, fisherfolk, and small entrepreneurs.
*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.
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.