A loan of $450 helped to purchase additional products to sell.

Teodora's story

Teodora L. is from the village of Capellan. She is 48 years old. Teodora is married and has six adult-aged children. To make a living, Teodora owns & operates a business venture in the retail sector operating a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling variety of different products and fruits in the local community. Teodora has been engaged in her business for over five years and earns approximately 4200 PHP a month for these activities.

In 2008, Teodora joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teodora has successfully repaid a previous loan of 18000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Teodora is requesting a new loan of 19000 PHP which will be used to purchase additional products to sell. This loan will be the 6th loan taken out by Teodora from ASKI. She plans to use the additional revenue generated from the business to improve/expand the borrower's 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 of 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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