A loan of $175 helped to purchase raw materials to manufacture additional products.

Nemesia's story

Nemesia D. is from the town of Villa Rose Cabarroguis, Quirino. She is 38 years old. Nemesia is married and has 3 school-aged children. To make a living, Nemesia owns & operates a manufacturing business, making and selling charcoal. Nemesia has been involved in the charcoal business for over 6 years and earns approximately 1200 PHP a month for these activities.

In 2010, Nemesia joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Nemesia has successfully repaid a previous loan of 3000 PHP from ASKI. This previous loan was used to purchase raw materials to manufacture additional products. Nemesia is requesting a new loan of 7000 PHP which will be used to purchase raw materials to manufacture additional products. This will be the second loan taken out by Nemesia 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 29 branches covering the Central and Northeastern areas. Its clients are mostly of 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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