Total loan: $400
Ubong, Solana, Cagayan, Cagayan Valley, Philippines / Agriculture
Flag of Philippines
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A loan helped To purchase medication for ducks.
Norma M. is from the village of Ubong, Solana, Cagayan. She is 52 years old. Norma is married and has two adult children. To make a living, Norma raises poultry. The main source of income for the business comes primarily from raising ducks to produce eggs for sale. Norma has been engaged in her business for more than seven years and earns approximately 5,000 PHP a month for these activities. Norma joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Norma has successfully repaid a previous loan of 17,000 PHP from ASKI. Norma is requesting a new loan of 17,000 PHP, which will be used to purchase medication for her ducks. This loan will be the sixth loan taken out by Norma from ASKI. She plans to use the additional revenue generated from the business to save as a reserve for future emergencies. 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, fishers, and small-business 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.