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

Balbina's story

Balbina N. is from the village of San Isidro, Cauayan City, Isabela. She is 61 years old, married, and has four adult-aged children. To make a living, she owns and operates a general store, selling both food and daily use products in the local community. She has been engaged in her business for over eight years and earns approximately $163 a month for these activities.

In 2007, Balbina 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 from ASKI. This previous loan was used to purchase additional products to sell.

Balbina is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 8th loan from ASKI. She plans to use the additional revenue generated to improve her business.

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.

Loan details

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Loan details