A loan of $250 helped to purchase materials needed to provide service.

Rosalie's story

Rosalie O. is from the village of Bagong Tanza. She is 38 years old. Rosalie is married and has three school-aged children. To make a living, Rosalie owns & operates a service-based business. While not the only means for generating revenue, the main source of income for the business comes providing manicure and pedicure services in the local community. Rosalie has been engaged in her business for over 15 years and earns approximately 4000 PHP a month for these activities.

In 2006, 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 purchase materials needed to provide service. Rosalie is requesting a new loan of 10,000 PHP which will be used to purchase materials needed to provide service. This will be the 9th loan taken out by Rosalie from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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, 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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