100%

funded

Total loan: $250

Imelda

Flag of Philippines
Mozzozzin Norte, Sta. Maria, Isabela, Isabela, Philippines / Retail

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A loan helped To purchase additional products to sell.


Imelda's story

Imelda G. is from the village of Mozzozzin Norte. She is 54 years old. Imelda is married and has 10 children. To make a living, Imelda runs a general store. The main source of income for the business comes from selling a variety of different products in the local community. Imelda has been engaged in her business for over 11 years and earns approximately 5,000 Philippine pesos (PHP) a month from it. In 2009, Imelda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Imelda has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Imelda is requesting a new loan of 11,000 PHP, which will be used to purchase additional products to sell. This will be the third loan taken out by Imelda from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolks 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.