A loan of $1,100 helped to purchase additional products to sell.

Rona Lorraine's story

Rona Lorraine G. is from the town of San Fabian Echague. She is 29 years old. Rona Lorraine is single. To make a living, Rona Lorraine owns & operates a business venture in the retail sector running a general store, selling a variety of different products in the local community. Aside from that, she also retails rice grain in her store. Rona Lorraine has been engaged in her business for over 7 years and earns approximately 13500 PHP a month for these activities.

In 2008, Rona Lorraine joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rona Lorraine has successfully repaid a previous loan of 50000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Rona Lorraine is requesting a new loan of 50000 PHP which will again be used to purchase additional products to sell. This will be the fifth loan taken out by Rona Lorraine 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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