A loan of $250 helped to purchase baby livestock to raise & sell in future.


Marinel's story

Marinel M. is from the village of Allinguigan 3rd. She is 34 years old. Marinel is married and has 3 school-aged children. To make a living, Marinel owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Marinel has been engaged in her business for over 2 years and earns approximately 4,000 PHP when she sells her raised animals. Marinel said that the business is of big help in supporting their family's needs. In 2009, Marinel joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marinel has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase baby livestock to raise and sell in the future. Marinel is requesting a new loan of 11,000 PHP, which will be used to purchase baby livestock to raise and sell in future. This loan will be the third loan taken out by Marinel 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 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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