Delia O. is from the village of Bacnor West. She is 40 years old and married with a school-aged child. To make a living, Delia owns and operates a business that provides manicures and pedicures in her local community. Delia has been engaged in her business for over 20 years and earns approximately 2,000 PHP a month.
Delia joined ASKI in 2010 to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 7,000 PHP from ASKI that was used to purchase materials and expand her services. Delia is requesting a loan of 6,000 PHP to purchase business materials. This will be her third loan. Delia plans to use the additional revenue generated with her loan to pay her child’s school tuition fees.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 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.