Funded

Total loan: $225
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Socorro


A loan of $225 helped to purchase materials needed to provide manicure and pedicure services.


Socorro's story

Socorro M., age 55, is from the town of Alicia, Isabela. She is widowed and has two adult-aged children. To make a living, Socorro works in the services sector. The main source of income for the business comes primarily from providing manicure and pedicure services to local community members. Socorro has been engaged in her business for over five years and earns approximately 3,000 PHP a month from these activities.

In 2010, Socorro joined ASKI to gain access to financial services. Her goal was to help improve her living situation and increase her ability to engage in business activities. Socorro is requesting a loan of 10,000 PHP which will be used to purchase materials needed to provide manicure and pedicure services. This loan will be the first loan taken out by Socorro from ASKI. She plans to use the additional revenue generated from the business to make improvements to her house.

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 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

Loan length:

7 months
Disbursed date: January 18, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: January 18, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)