A loan of $250 helped to purchase additional products to sell.


Marisol's story

Marisol A. is from the village of Santa Isabel Sur. She is 26 years old, married and has three infant-aged children. To make a living, Marisol owns and operates a specialized retail store selling pork, fish, fruits and vegetables in the local community. Marisol has been engaged in her business for over two years and earns approximately 6,000 PHP per month from these activities.

In 2010, Marisol joined Kiva partner, 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 7,000 PHP from ASKI. This loan was used to purchase additional products to sell. Marisol is requesting a new loan of 10,000 PHP, which will be used to purchase additional products to sell. This loan will be her second from ASKI. She plans to use the additional revenue generated from the business to improve and 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, 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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