100%

funded

Total loan: $350

Teresita

Libag Sur, Tuguegarao City, Cagayan Valley, Philippines / Food

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A loan helped To purchase raw ingredients needed to make products for sale.


Teresita's story

Teresita B. is from the village of Libag Sur, Tuguegarao City. She is 51 years old and is married. To make a living, Teresita owns and operates a business venture making and selling food. While not the only means for generating revenue, the main source of income for the business comes from making tamarind candy for sale in the community.

Teresita 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 new loan of 15,000 PHP which will be used to purchase raw ingredients needed to make products for sale. She plans to use the additional revenue generated to improve/expand her business. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 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.