A loan of $575 helped to purchase new items to expand her product offering.


Carolyn's story

Carolyn P. is from the village of Parog-Parog, Solana, Cagayan. She is 41 years old. Carolyn is married and has two school-aged children. To make a living, Carolyn runs a general store, selling a variety of different products in the local community. Carolyn has been engaged in her business for over three years and earns approximately 5,100 Philippine pesos (PHP) a month from it.

Carolyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carolyn has successfully repaid a previous loan of 25,000 PHP from ASKI. Carolyn is requesting a new loan of 25,000 PHP, which will be used to purchase new items to expand her product offering. This will be the seventh loan taken out by Carolyn 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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