A loan of $125 helped to purchase raw ingredients.


Susan's story

Susan T. is from the village of Rio Del Grande Enrile, Cagayan. She is 43 years old. Susan is married and has 5 school-aged children. To make a living, Susan makes and sells peanut butter in their community. Susan is just starting this business. In 2009, Susan joined ASKI to gain access to financial services to help improve her living situation and give her the ability to engage in business activities. Susan is requesting a new loan of 5000 PHP which will be used to purchase new items to expand product offering. This loan will be the first loan taken out by Susan from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of the borrower's children. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 21 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.



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Loan details