A loan of $450 helped to purchase additional products to sell.

Aurelia's story

Aurelia T. is from the village of Parabba, Peñablanca, Cagayan. She is 60 years old. Aurelia is married and has 5 adult children. To make a living, Aurelia owns & operates a business venture selling a variety of different products in the local community. Aurelia has been engaged in her business for over 30 years and earns approximately 5000 PHP a month for these activities.

In 2005, Aurelia joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Aurelia has successfully repaid a previous loan of 25000 PHP from ASKI. Aurelia is requesting a new loan of 20000 PHP which will be used to purchase additional products to sell. This will be the tenth loan taken out by Aurelia from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her family.

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 of farmers, fisherfolks 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