100%

funded

Total loan: $125

Marina

Flag of Philippines
Cabisera 27, Ilagan, Isabela, Cagayan Valley, Philippines / Retail

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A loan helped To purchase additional products to sell.


Marina's story

Marina V. is from the village of Cabisera 27. She is 50 years old, married and has one adult child. To make a living, Marina owns and operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Marina has been engaged in her business for over eight years and earns approximately 3,000 PHP a month from these activities. In 2008, Marina joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. As with her previous loan of 10,000 PHP from ASKI which she has successfully repaid, this new loan of 5,000 PHP will be used to purchase additional products to sell. This will be the fifth loan that Marina has taken out from ASKI. 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 29 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.