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

Robert's story

Robert T. is from the village of Ubong, Solana, Cagayan. He is 23 years old. Robert is married and has one infant child. To make a living, Robert owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes from selling daily use products such as shampoo, soap & toothpaste in the local community. Robert has been engaged in his business for over 5 years and earns approximately 3000 PHP a month for these activities.

Robert joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Robert has successfully repaid a previous loan of 7000 PHP from ASKI. Robert is requesting a new loan of 7000 PHP which will be used to purchase additional products to sell. This will be the 3rd loan taken out by Robert from ASKI. He plans to use the additional revenue generated from the business to financially support immediate members of his family.

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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