A loan of $350 helped to purchase additional products to sell.


Patricia's story

Patricia P. is from the village of Rizal. She is 44 years old. Patricia is married and has 4 children. To make a living, Patricia owns & operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling vegetables and meat in the local community. Patricia has been engaged in her business for over 6 years and earns approximately 7000 PHP a month for these activities. In 2007, Patricia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Patricia has successfully repaid a previous loan of 12,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Patricia is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This will be the 7th loan taken out by Patricia 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 of 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.



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