A loan of $275 helped to invest in expanding the business.

Rosalie's story

Rosalie C. is from the village of Caraniogan. She is 30 years old. Rosalie is married and has four school-aged children. To make a living, Rosalie owns & operates a general store selling a variety of different products in the local community. Rosalie has been engaged in her business for over four years and earns approximately 6,000 PHP a month for these activities.

In 2008, Rosalie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalie has successfully repaid a previous loan of 11,000 PHP from ASKI. This previous loan was used to invest in expanding the business. Rosalie is requesting a new loan of 11,000 PHP, which will be used to invest in expanding the business. This loan will be the sixth loan taken out by Rosalie 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 of 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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