A loan of $125 helped to purchase additional tailoring equipment, such as needles and threads.


Helen's story

Helen B. is from the village of Brgy. Paniki, Bagabag, Nueva Vizcaya. She is 57 years old. Helen is married and has five adult-aged children. To make a living, Helen operates a tailoring business. The main source of income for the business comes from providing general alteration and tailoring services to local community members. Helen has been engaged in her business for over 15 years and earns approximately 3,500 Philippine pesos (PHP) a month from it. In 2008, Helen joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Helen has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase additional fabrics and materials. Helen is requesting a new loan of 5,000 PHP, which will be used to purchase additional tailoring equipment, such as needles and threads. This will be the fifth loan taken out by Helen from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family. 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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