A loan of $200 helped to purchase new items to expand product offering.

Adoracion's story

Adoracion C. is from the village of Luna. She is 49 and married with five school-aged children. To make a living, Adoracion runs a general store. She has been engaged in her business for over four years and earns approximately 4000 PHP a month.

In 2007, Adoracion joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from ASKI which was used to purchase additional products to sell. Adoracion is requesting a new loan of 8000 PHP which will be used to purchase new items to expand her product offering. This loan will be the fourth loan taken out by Adoracion from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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, 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

Lenders and lending teams

Loan details