A loan of $150 helped to purchase new items to expand product offering.

Marieta's story

Marieta M. is from the village of Brgy Buliwao, Quezon, Nueva Vizcaya. She is 38 years old and married with three small children. To make a living, Marieta has a retail store selling AVON and MSE (Marikina Shoe Exchange) products. She has been engaged in her business for over 8 years and earns approximately 5000 PHP a month.

In 2008, Marieta joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marieta has successfully repaid a previous loan of 7000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Marieta is requesting a new loan of 6000 PHP which will be used to purchase new items to expand her product offering. This will be the fourth loan taken out by Marieta 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 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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