Rosiel B. is from the village of Namnama, Cabatuan, Isabela. She is 29 years old. Rosiel is married and has 2 infant children. To make a living, Rosiel owns & operates a business running a food stall. The main source of income for the business comes from tending a "turo-turo" canteen (cooked food counter). Rosiel has been engaged in her business for over 4 years and earns approximately 10000 PHP a month for these activities. In 2008, Rosiel joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosiel has successfully repaid a previous loan of 16000 PHP from ASKI. The previous loan was used to purchase additional ingredients to cook more food to sell . Rosiel is requesting a new loan of 30000 PHP, which will be used to purchase additional products to sell. This loan will be the 7th loan taken out by Rosiel from ASKI. She plans to use the additional revenue generated from the business to supplement the family's income.
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 of 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.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.