A loan of $325 helped to purchase additional inventory and for working capital.


Joey's story

Joey G. runs a general store selling both food and daily use products in his community. He is 44 years old, married and has four school-age children. They are from the village of Bagong Sikat, Alicia, Isabela. Joey has been in his business for over two years and earns approximately 4,200 Philippine pesos (PHP) a month.

In 2006, Joey joined ASKI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. Joey is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and for working capital. This will be his fourth loan from ASKI. He plans to use the additional revenue to improve and expand his 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 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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