A loan of $200 helped to purchase additional products to sell.

Marilou's story

Marilou T. is from the city of Capatan, Tuguegarao City. She is 41 years old. Marilou is widowed and has two school-age children. To make a living, Marilou owns and operates a business venture in the retail sector operating a general 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 in the local community. Marilou has been engaged in her business for over three years and earns approximately 5000 PHP a month for these activities.

In 2007, Marilou joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilou has successfully repaid a previous loan from ASKI. Marilou is requesting a new loan of 8000 PHP which will be used to purchase additional products to sell. This will be the seventh loan taken out by Marilou from ASKI. She 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 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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