A loan of $275 helped to purchase raw materials to make additional furniture.

Simplicia's story

Simplicia M. is from the village of San Isidro. She is 48 years old, married, and has eight school-aged children. To make a living, she operates a furniture making business, making and selling general household furniture to local businesses and community members. She has been engaged in her business for over nineteen years and earns approximately $206 a month for these activities.

In 2008, Simplicia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 12,000 PHP from ASKI. This previous loan was used to purchase raw materials to make additional furniture.

Simplicia is requesting a new loan of 12,000 PHP which again will be used to purchase raw materials to make additional furniture. This will be her 6th loan from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her 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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