A loan of $175 helped to purchase new items to expand product offering.


Chita's story

Chita B. is from the village of Centro 2. She is 49 years old. Chita is married and has 2 school-aged children. To make a living, Chita owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Chita has been engaged in her business for over 15 years and earns approximately 10,000 PHP a month for these activities.



In 2008, Chita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Chita has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to to purchase additional products to sell. Chita is requesting a new loan of 7,000 PHP which will be used to purchase new items to expand product offering. This will be the third loan taken out by Chita from ASKI. She plans to use the additional revenue generated from the business to improve/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.



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Loan details