A loan of $175 helped to purchase livestock feed and other supplies.

Lourdes's story

Lourdes E. is from the village of Brgy. Almaguer South, Bambang, Nueva Vizcaya. She is 39 years old, married and has 4 school-aged children. Lourdes owns and operates a business raising livestock, primarily pigs, for breeding. Lourdes has been engaged in her business for over 12 years and earns approximately 4,000 PHP a month from it.

In 2010, Lourdes joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lourdes has successfully repaid a previous loan of 5,000 PHP from ASKI, which was used to purchase breeding livestock. Lourdes is requesting a new loan of 7,000 PHP which will be used to purchase livestock feed and other supplies. This will be the second loan taken out by Lourdes 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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