A loan of $175 helped to purchase additional products to sell.

Soledad's story

Soledad C. is from the village of San Juan, Quirino, isabela. She is 63 years old and widowed. Soledad owns and operates a general store, selling a variety of different products in the local community. Soledad has been engaged in her business for over 5 years and earns approximately 5,200 PHP a month from it.

In 2008, Soledad joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Soledad has successfully repaid a previous loan of 5,000 PHP from ASKI, which was used to purchase additional products to sell. Soledad is requesting a new loan of 7,000 PHP which will be used to purchase additional products to sell. This will be the 6th loan taken out by Soledad 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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