A loan helped to purchase products to sell.

Leonita's story

Leonita I. is from the village of Estefania, Amulung Cagayan. She is 45 years old, married, and has three school-aged children. To make a living, she will start a business venture in the retail sector running a general store, selling daily use products such as shampoo, soap and toothpaste in the local community. She is just starting this business.

In 2005, Leonita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 25,000 PHP from ASKI. Leonita is requesting a new loan of 27,000 PHP which will be used to purchase products to sell. This will be her 8th loan from ASKI. She plans to use the additional revenue generated to expand her business.

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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