A loan of $275 helped to purchase additional products to sell.

Evangeline's story

Evangeline T. is from the village of Ibung Villa Verde, Nueva Vizcaya. She is 46 years old. Evangeline is married and has 3 school-aged children. To make a living, Evangeline owns & operates a business venture making & selling food. The main source of income for the business comes from preparing and selling barbecue pork and chicken for sale. Evangeline has been engaged in her business for over 4 years and earns approximately 5,000 PHP a month for these activities.

In 2007, Evangeline joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Evangeline has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase raw ingredients needed to make products to sell. Evangeline is requesting a new loan of 12,000 PHP, which will be used to purchase additional products to sell. This loan will be the fifth loan taken out by Evangeline from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern 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.

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