A loan of $250 helped to purchase additional products to sell.

Leonida's story

Leonida D. R. is from the town of Rizal West, San Isidro. She is 49 years old. Leonida is married and has 1 grown child. To make a living, Leonida owns & operates a business selling home products primarily ingredients such as onions and vegetables. Leonida has been engaged in her business for over 20 years and earns approximately 4,000 PHP a month for these activities.

In 2006, Leonida joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Leonida has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Leonida is requesting a new loan of 11,000 PHP which will be used to purchase additional products to sell. This will be the 10th loan taken out by Leonida from ASKI. She plans to use the additional revenue generated from the business to improve and expand the 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 of 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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