A loan of $675 helped to purchase the materials needed to provide more catering services.

Jocelyn's story

Jocelyn O. is from the village of Brgy. Quezon, Solano, Nueva Vizcaya. She is 36 years old, married and has three school-aged children. To make a living, Jocelyn owns and operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes from providing catering services in the local community. Jocelyn has been engaged in her business for over 10 years and earns approximately 8,000 PHP a month from these activities.

In 2007, Jocelyn joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. As with her previous loan of 25,000 PHP from ASKI which she has successfully repaid, this new loan of 30,000 PHP will be used to purchase the materials needed to expand the services provided. This will be the seventh loan she has taken out 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 north-eastern 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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