A loan of $125 helped to repair existing vehicle for better service.

Melvin's story

Melvin M. is from the village of Brgy. Lactawan, Solano, Nueva Vizcaya. He is 30 years old. Melvin is single. To make a living, Melvin owns & operates a motorcycle transport service. Melvin has been engaged in his business for over three years and earns approximately 6,000 PHP a month for these activities.

In 2010, Melvin joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Melvin is requesting a new loan of 5,000 PHP, which will be used to repair an existing vehicle for better service. This loan will be the first loan taken out by Melvin from ASKI. He plans to use the additional revenue generated from the business to improve/expand his 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 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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