A loan of $575 helped to purchase new items to expand her product offering.

Lanie's story

Lanie M. is from the village of Dalig Viejo. She is 54 years old. Lanie is married and has three adult-aged children. To make a living, she owns and operates a general store, selling a variety of different products in the local community. She has been engaged in her business for over seven years and earns approximately $120 a month for these activities.

In 2006, Lanie 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 35,000 PHP from ASKI. This previous loan was used to invest in expanding the business.

Lanie is requesting a new loan of 25,000 PHP which will be used to purchase new items to expand her product offering. This will be her 12th loan from ASKI. She plans to use the additional revenue generated to improve 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.

Loan details

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Loan details