Patricidra S. is from the village of Rizal. She is 58 years old, married and has 4 adult children. To make a living, Patricidra owns and operates a business selling personal products from Avon and MSE in the local community. Patricidra has been engaged in her business for over 5 years and earns approximately 4,000 PHP a month from these activities.
In 2008, Patricidra joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Patricidra has successfully repaid a previous loan of 18,000 PHP from ASKI. This previous loan was used to purchase additional products to sell.
Patricidra is requesting a new loan of 18,000 PHP which will be used to purchase new items to expand her product offering. This loan will be the 6th loan taken out by Patricidra from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.
ASKI is one of the pioneer microfinance institutions in the Philippines committed to serve the needy in Central and Northern Luzon through socio-economic development and holistic transformation.
*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.