A loan of $550 helped to purchase piglets.


Esperanza's story

Esperanza B. is from the village of Parog Parog, Solana, Cagayan. She is 39 years old. Esperanza is married and has six school-aged children. To make a living, Esperanza raises livestock. The main source of income for her business comes primarily from raising pigs for fattening and sale. Esperanza has been engaged in her business for more than 12 years and earns approximately 4500 PHP when she sells her raised animal.

Esperanza joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Esperanza has successfully repaid a previous loan of 28000 PHP from ASKI. Esperanza is requesting a new loan of 24000 PHP, which will be used to purchase baby pigs to raise and sell in the future. This loan will be the eighth loan taken out by Esperanza from ASKI. She plans to use the additional revenue generated from the business to make improvements to her house.

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, fishers, and small-business 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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