A loan of $175 helped to repair existing vehicle for better service.

George's story

George B. is from the village of Villa Coloma, Bagabag, Nueva Vizcaya. He is 29 years old. George is married and has two school-aged children. To make a living, he operates a motorcycle transport service. He has been engaged in his business for over five years and earns approximately $75 a month for these activities.

In 2009, George joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. He has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase tires and other accessories.

George is requesting a new loan of 7,000 PHP which will be used to repair his vehicle for better service. This will be his 2nd loan from ASKI. He plans to use the additional revenue generated from the business to financially support immediate members of his family.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolk 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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