A loan of $425 helped to purchase baby livestock to raise and sell in the future.

Encarnacion's story

Encarnacion M. is from the village of Nabbotuan, Solana, Cagayan. She is 61 years old. Encarnacion is married and has 4 adult-aged children. To make a living, Encarnacion owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Encarnacion has been engaged in her business for over 20 years and earns approximately 4,000 PHP when she sells her raised animal.

Encarnacion joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Encarnacion has successfully repaid a previous from ASKI. Encarnacion is requesting a new loan of 18,000 PHP, which will be used to purchase baby livestock to raise and sell in the future. This loan will be the 9th loan taken out by Encarnacion from ASKI. She plans to use the additional revenue generated from the business to improve/expand 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 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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