Funded

Total loan: $125
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A loan of $125 helped to invest in expanding the business.


Teresita's story

Teresita Q. is from the village of Balzain west, Tuguegarao City. She is 49 years old. Teresita is married and has 2 school-aged children. To make a living, Teresita owns & operates a general store. The main source of income for the business comes from selling daily use products such as shampoo, soap & toothpaste in the local community. Teresita has been engaged in her business for over 5 years and earns approximately 2,000 PHP a month for these activities.

In 2010, Teresita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teresita is requesting a loan of 5000 PHP which will be used to invest in expanding the business. This will be the first loan taken out by Teresita from ASKI. She plans to use the additional revenue generated from the business to improve/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, 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.



Loan details

Loan length:

8 months
Disbursed date: July 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: July 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)