A loan of $1,075 helped to invest in expanding the business.

Amado's story

Amado M. is from the city of Balibago 1st, Tarlac. He is 56 years old. Amado is widowed and has four adult children. To make a living, Amado sells purified/mineral water in the local community. Amado has been engaged in his business for over four years and earns approximately $750 a month from this activity.

In 2008, Amado joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Amado has successfully repaid a previous loan of 50,000 PHP from ASKI. This previous loan was used to purchase a transport vehicle to help in the business. Amado is requesting a new loan of 50,000 PHP, which will be used to invest in expanding the business. This will be his 3rd loan from ASKI. He plans to use the additional revenue to further develop his business.

About ASKI:

ASKI is one of the most successful micro-finance 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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