A loan of $300 helped to invest in expanding the business.

Elma's story

Elma V. is from the town of Guibang, Gamu, Isabela. She is 51 years old, married and has 3 school-aged children. Elma owns and operates a furniture making business, making and selling general household furniture to local businesses and community members. Elma has been engaged in her business for over 3 years and earns approximately 5,000 PHP a month from it.

In 2007, Elma joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Elma has successfully repaid a previous loan of 10,000 PHP from ASKI, which was used to purchase raw materials to make additional furniture. Elma is requesting a new loan of 12,000 PHP which will be used to invest in expanding the business. This will be the 6th loan taken out by Elma from ASKI. She plans to use the additional revenue generated from the business to improve/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, 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.

Loan details

Lenders and lending teams

Loan details