A loan of $275 helped to purchase a new transport unit.

Gliceria's story

Gliceria B. is from the village of Brgy. Buliwao, Quezon, Nueva Vizcaya. She is 39 years old. Gliceria is married and has three school-aged children. To make a living, Gliceria owns & operates a business operating a motorcycle transport service. Gliceria has been engaged in her business for over nine years and earns approximately 8,000 PHP a month for these activities.

In 2007, Gliceria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gliceria has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to repair an existing vehicle for better service. Gliceria is requesting a new loan of 12,000 PHP, which will be used to purchase a new transport unit. This loan will be the seventh loan taken out by Gliceria 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 29 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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