A loan of $325 helped to invest in expanding the business.

Grace's story

Grace C. is from the city of Balibago II in Tarlac. She is 34 years old. Grace is married and has 2 school-aged children. To make a living, Grace owns & operates a business venture in the retail sector operating a clothing business. While not the only means for generating revenue, the main source of income for the business comes primarily from providing general clothing services to local community members. Grace has been engaged in her business for over 6 years and earns approximately 12000 PHP a month for these activities.

In 2009, Grace joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Grace has successfully repaid a previous loan of 10000 PHP from ASKI. This previous loan was used to to purchase additional inventory & working capital. Grace is requesting a new loan of 15000 PHP which will be used to invest in expanding the business. This loan will be the second loan taken out by Grace 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, 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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