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

Consolacion's story

Consolacion M. is from the village of Centro 1, Mallig, Isabela. She is 44 years old. Consolacion is married and has one school-aged child. To make a living, Consolacion owns & operates a general store selling a variety of different products in the local community. Consolacion has been engaged in her business for over five years and earns approximately 4,000 PHP a month for these activities.

In 2007, Consolacion joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Consolacion has successfully repaid a previous loan of 35,000 PHP from ASKI. This previous loan was used to invest in expanding the business. Consolacion is requesting a new loan of 10,000 PHP to purchase additional products to sell. This loan will be the seventh loan taken out by Consolacion 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, 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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