A loan of $225 helped to purchase new items to expand her product offering.


Clarita's story

Clarita M. is from the village of District 4. She is 51 years old, is married, and has four school-aged children.

Clarita owns and operates a general store. selling a variety of different products in the local community. She has been engaged in her business for over twenty years and earns approximately 6,000 PHP a month.

In 2006, Clarita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell.

Clarita is requesting a new loan of 10,000 PHP which will be used to purchase new items to expand her product offering. This loan will be her eighth from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.


About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of 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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