A loan of $175 helped to repair his existing vehicle to provide better service.

Ricarte's story

Ricarte B. is from the village of San Isidro, Baggao, Cagayan. He is 47 years old, married, and has five school-aged children. To make a living, Ricarte operates a motorcycle transport service. He has been engaged in his business for over three years and earns approximately $75 a month from this activity.

Ricarte joined 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 repair his existing vehicle in order to provide better service. This will be his first loan from ASKI. He plans to use the additional revenue generated from the business to pay the tuition fees of his children.

About ASKI:

ASKI is one of the most successful micro-finance 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.

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Loan details