A loan of $650 helped to buy more ice cream products to sell.


Teresita's story

Teresita, a mother of four, is 47 years old. She is a hardworking entrepreneur and wants to be able to help her children. She makes and sells ice cream products and closely works with her husband as ice cream vendor. She started the business ten years ago to help her family meet education, water, electricity and food expenses as everything is very expensive.

Teresita will use the loan to buy more ingredients of her ice cream products, so she needs more capital to meet the demand of her customers in the local area where she sells her ice cream. She is pleased because, in the past, she has managed to utilize the loans to invest in her business.

With working principal Teresita’s business will keep on growing and she will be able to give pleasing service to her regular customers. Through the support of KIVA lenders, Teresita hopes to see herself and her family soon improve their quality of living and move away from under the twist of being poor.

Teresita’s long-term goal is to have an ice cream booth a few years from now so that she can give an opportunity of employment to others, specially her extended relatives in their barangay (village). Teresita hopes to maintain a long-term, sustainable ice cream business.

During the course of her membership in ASHI, Teresita has been a model member, dedicated to managing her family’s operations.



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Loan details