A loan of $300 helped to purchase breeding livestock.

Rosario's story

Rosario P. is from the village of Magsaysay. She is 52 years old. Rosario is married and has two school-aged children. To make a living, she raises chickens for sale. She has been engaged in her business for over two years and earns approximately $115 a month for these activities.

In 2006, Rosario joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 13,000 PHP from ASKI. This previous loan was used to invest in expanding the business.

Rosario is requesting a new loan of 13,000 PHP which will be used to purchase breeding livestock. This will be her 9th loan from ASKI. She plans to use the additional revenue generated to expand her business.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly 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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