Celia B. is from the village of Cabisera 9-11, San Antonio, Ilagan, Isabela. She is 40 years old. Celia is married and has two school-aged children.
Celia raises pigs for fattening and sale to finance the education of their children and the daily needs of her family. Celia has been engaged in her business for over two years and earns approximately 4,500 PHP whenever she sells her raised animals.
In 2007, Celia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Celia has successfully repaid a previous loan of 20,000 PHP from ASKI. This previous loan was used to purchase livestock feed and other supplies.
Celia is requesting a new loan of 25,000 PHP, which will be used to purchase baby livestock to raise. This will be the sixth loan taken out by Celia from ASKI. She plans to use the additional revenue generated from the loan to improve and expand her business.
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 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.