A loan of $450 helped to purchase additional products to sell.

Marites's story

Marites V., 40, is married and has four school-aged children. She is from the village of Alinam, a part of Cauayan City in Isabela province on the Luzon islands. Marites runs a general store from which she sells both food and daily use products to the local community. She has been engaged in her business for over ten years and earns approximately 6,000 PHP a month.

In 2007, Marites joined ASKI to gain access to its financial services. She successfully repaid a previous loan, her eighth, from ASKI. This previous loan was used to purchase additional products to sell. Marites is requesting a new loan of 20,000 PHP which will be used to purchase additional products to sell. She plans to use all additional revenue generated to improve her business.

About ASKI:

Alalay sa Kaunlaran, Inc., or ASKI, is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the central and northeastern areas. Its clients are mostly farmers, fishermen and -women, 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Loan details

Lenders and lending teams

Loan details