A loan of $350 helped to purchase additional products to sell.

Robelita's story

Robelita A. is from the village of Centro 2. She is 38 years old, married and has 3 school-aged children. Robelita owns and operates a general store, selling a variety of different products in the local community. Robelita has been engaged in her business for over 6 years and earns approximately 6,000 PHP a month from it.

In 2006, Robelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Robelita has successfully repaid a previous loan of 13,000 PHP from ASKI, which was used to purchase new items to expand product offering. Robelita is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This will be the 10th loan taken out by Robelita from ASKI. She plans to use the additional revenue generated from the business to pay her children's tuition fees.

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.

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