Perlita B. is from the village of Cabisera 27. She is 40 years old, married and has seven school-aged children. To make a living, Perlita owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes from raising pigs for fattening and sale. Perlita has been engaged in her business for over a year and earns approximately 3,000 PHP a month from these activities.
In 2009, Perlita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. As with her previous loan of 6,000 PHP from ASKI which she has successfully repaid, this new loan of 6,000 PHP will be used to purchase baby livestock to raise and sell. This will be the fourth loan that Perlita has taken out from ASKI. She plans to use the additional revenue generated to improve/expand her business.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the central and north-eastern 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.