A loan of $100 helped to use as additional capital for business improvement.

Carmela's story

Carmela C. is from the town of Quezon, San Isidro. She is 19 years old, married, and has one infant child.

Carmela owns and operates a business venture into raising ducks for sale. She earns approximately 8,000 PHP a month for these activities.

In 2009, Carmela joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a loan of 4,000 PHP which will be used as additional capital for business improvement. This loan will be her first loan from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

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 of 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.

Loan details

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Loan details