A loan of $350 helped to purchase additional inventory & working capital.

Milagros's story

Milagros T. is from the village of Malasin Dupax Del Norte, Nueva Vizcaya. She is 58 years old. Milagros is married and has six adult children. To make a living, Milagros owns & operates a business selling a variety of different products in the local community. Milagros has been engaged in her business for over eight years and earns approximately 7,000 PHP a month for these activities.

In 2009, Milagros joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Milagros has successfully repaid a previous loan of 12,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Milagros is requesting a new loan of 15,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the third loan taken out by Milagros from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her 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 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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