A loan of $175 helped to purchase more used bottles and newspapers to sell.


Carmen's story

Carmen A. is from the village of Olango. She is 58 years old and is married with five adult children.

Carmen owns and operates a business providing recycling services, primarily hauling second-hand goods for local businesses and community members. She has been engaged in her business for over three years and earns approximately 3,000 PHP a month.

In 2009, Carmen joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase used bottles and newspapers to sell.

Carmen is requesting a new loan of 7,000 PHP which will again be used to purchase used bottles and newspapers to sell. This loan will be her third 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 twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of 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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