A loan of $200 helped to purchase additional products to sell.

Felomina's story

Felomina B. is from the village of Pinoma, Cauayan City, Isabela. She is 53 years old. Felomina is married and has two adult children. To make a living, Felomina sells mineral and distilled water in the local community. Felomina has been engaged in her business for over four years and earns approximately 3,000 Philippines pesos (PHP) a month from it.

In 2007, Felomina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Felomina is requesting a new loan of 8,000 PHP, which will be used to purchase additional products to sell. This will be the third loan taken out by Felomina 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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