A loan of $275 helped to purchase additional products to sell.


Lolita's story

Lolita T. is from the village of Sta. Ana Echague. She is married and has five adult children. To make a living, Lolita owns a business making and selling native cakes, vegetables and other snacks. She has been engaged in her business for over five years and earns approximately 2500 PHP a month. In 2006, Lolita 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 9000 PHP from ASKI and is requesting a new loan of 11000 PHP which will be used to purchase additional products to sell. This loan will be the 8th loan taken out by Lolita from ASKI. She plans to use the additional revenue generated to improve and expand the 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 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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Loan details