A loan of $300 helped to purchase additional products to sell.

Violeta's story

Violeta D. is from the village of San Loenzo, Ilagan, Isabela. She is 53 years old. Violeta is married and has seven school-aged children. To make a living, Violeta runs a general store. The main source of income for the business comes from selling a variety of different products in the local community. Violeta has been engaged in her business for over two years and earns approximately 6,000 Philippine pesos (PHP) a month from it.

In 2008, Violeta joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Violeta has successfully repaid a previous loan from ASKI. This previous loan was used to purchase additional products to sell. Violeta is requesting a new loan of 13,000 PHP, which will be used to purchase additional products to sell. This will be the fifth loan taken out by Violeta 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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