Total loan: $125
Centro Sur, Alcala, Cagayan, Cagayan Valley, Philippines / Retail
Flag of Philippines
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A loan helped To purchase raw materials needed to make products for sale.
Mary Cris's story
Mary Cris V. is from the village of Centro Sur, Alcala, Cagayan. She is 40 years old. Mary Cris is married and has three young children. To make a living, Mary Cris sells home products. The main source of income for the business comes from selling kitchen supplies and home products to local community members. Mary Cris has been engaged in her business for over nine years and earns approximately 5,000 Philippine pesos (PHP) a month from it. In 2010, Mary Cris joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mary Cris is requesting a loan of 5,000 PHP, which will be used to purchase raw materials needed to make products for sale. This will be the first loan taken out by Mary Cris from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business. 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.