A loan of $75 helped to purchase sewing materials.

Benedicta's story

Benedicta L. is from Capatan, Tuguegarao City. She is 56 years old, widowed and has 3 adult-aged children. Benedicta owns and operates a tailoring business, providing general alteration and tailoring services to local community members. Benedicta has been engaged in her business for over 10 years and earns approximately 3,000 PHP a month from it.

In 2008, Benedicta joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Benedicta has successfully repaid a previous loan of 10,000 PHP from ASKI. Benedicta is requesting a new loan of 3,000 PHP which will be used to purchase sewing materials. This will be the 4th loan taken out by Benedicta 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 38 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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