Total loan: $1,175
District 1 San Manuel, Isabela, Cagayan Valley, Philippines / Retail
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A loan helped To purchase new items to expand product offerings.
Nila D. is from the village of Dist.1, San Manuel. She is 42 years old. Nila is married and has 3 school-aged children. To make a living, Nila owns and operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Nila has been engaged in her business for over 17 years and earns approximately 15,000 PHP a month for these activities. In 2007, Nila joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nila has successfully repaid a previous loan of 35,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Nila is requesting a new loan of 50,000 PHP, which will be used to purchase new items to expand product offerings. This loan will be the 5th loan taken out by Nila 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 38 branches covering the Central and Northeastern areas. Its clients are mostly of 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.