A loan of $200 helped to purchase baby livestock to raise & sell in future.

Merlita's story

Merlita M. is from the village of Bayabo East, Tumauini, Isabela. She is 27 years old. Merlita is married and has 2 school-aged children. To make a living, Merlita 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. Merlita has been engaged in her business for over 5 years and earns approximately 3,000 PHP a month for these activities.

In 2009, Merlita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Merlita has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase baby livestock to raise and sell in future. Merlita is requesting another loan of 8,000 PHP, which will be used to purchase baby livestock to raise and sell in future. This loan will be the 3rd loan taken out by Merlita 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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