A loan of $400 helped to purchase additional inventory & working capital.

Cornelia's story

Cornelia A. is from the village of Dadda, Tuguegarao City. She is 66 years old. Cornelia is married and has four adult children. To make a living, Cornelia owns & operates a general store, selling a variety of different products in the local community. Cornelia has been engaged in her business for over 12 years and earns approximately 3,000 PHP a month for these activities.

In 2005, Cornelia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Cornelia has successfully repaid a previous loan of 15,000 PHP from ASKI. Cornelia is requesting a new loan of 18,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the 11th loan taken out by Cornelia 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 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