A loan of $125 helped to purchase new items to expand product offering.

Tessie's story

Tessie H. is from the village of Mabasa Dupax del Norte, Nueva Vizcaya. She is 35 years old, married and has 4 school-aged children. Tessie owns and operates a general store, selling a variety of different products in the local community. Tessie has been engaged in her business for over 7 years and earns approximately 5,000 PHP a month from it.

In 2010, Tessie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Tessie is requesting a new loan of 5,000 PHP which will be used to purchase new items to expand product offering. This will be the 1st loan taken out by Tessie from ASKI. She plans to use the additional revenue generated from the business to pay her children's tuition fees.

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.

Loan details

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Loan details