A loan of $350 helped to purchase additional products to sell.

Annabelle's story

Annabelle E., from the village of San Pedro San Pablo, is 38 years old, married, and has two school-aged children. To make a living, Annabelle owns and operates a business venture selling fish balls and other dimsums to the local community. Engaged in her business for over five years, she earns approximately 5000 PHP a month.

In 2008, Annabelle joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 15,000 PHP from ASKI that was used to purchase raw ingredients needed to make products for sale, she is now requesting her seventh loan of 15000 PHP to purchase additional products to sell. Annabelle plans to use the additional revenue generated from the business to pay her children's tuition fees.

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, 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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