A loan of $125 helped to expand her business by purchasing additional products and inventory.

Bernadette's story

Bernadette O. is a 40-year-old, married woman from the town of Maamot, San Jose, Tarlac. Bernadette has 1 adult-age child. To earn a living, Bernadette owns and operates a business venture in the retail sector. More specifically, she runs a general store, so her primary source of income is derived from selling a variety of products to her fellow community members. Bernadette has been engaged in this business for over 4 years and earns approximately 7,000 PHP per month from these activities.

In 2010, Bernadette joined ASKI to gain access to financial services. In turn, she hopes to be able to better engage in business activities and to thereby improve her standard of living. Bernadette is requesting a loan in the amount of 5,000 PHP ($125), which will be used to purchase additional products to sell. This loan would be the first loan taken out by Bernadette from ASKI. She plans to use the additional revenue generated from the business as a result of the loan to supplement her family's income.

About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches, which cover the Central and Northeastern areas of the country. Its clients are mostly of farmers, fishermen/women, and entrepreneurs.

Loan details

Lenders and lending teams

Loan details