Bellaflor L. is from the village of Brgy. Salamague, Lamut, Ifugao. She is 42 and married with four school-aged children. To make a living, Bellaflor owns & operates a business providing plumbing repairs. Bellaflor has been engaged in her business for over 10 years and earns approximately 3000 PHP a month.
In 2010, Bellaflor joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 5000 PHP to purchase materials needed to provide service. This will be the first loan taken out by Bellaflor from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.
About ASKI: 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 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.