A loan of $175 helped to purchase raw ingredients needed to make products for sale.

Abraham's story

Abraham N. is from the village of Brgy. Quezon, Solano, Nueva Vizcaya. He is 29 years old, married, and has two infant-aged children. To make a living, Abraham owns and operates a business venture in the food sector, preparing and selling cooked food for daily meals. Abraham has been engaged in his business for over five years and earns approximately 7,000 PHP per month from these activities.

In 2010, Abraham joined Kiva partner, ASKI, to gain access to financial services to help improve his living situation and ability to engage in business activities. He is requesting a loan of 7,000 PHP, which will be used to purchase raw ingredients needed to make products for sale. This loan will be his first from ASKI. He plans to use the additional revenue generated from the business to improve and expand his 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, 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

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Loan details