A loan of $1,175 helped to purchase a stock of medicines and various other goods for sale.

Malvar's story

Malvar T. is married and is 45 years old. He has two grown-up children who help him together with his wife in managing their retail shop where he sells various commodities such canned and bottled goods, coffee, sugar, soap, shampoo, spices and many more. Malvar also manages a drugstore in their place where he gets their major source of income. He has been in the business for more than six years.

Malvar is requesting a loan of PHP 50,000 to use in purchasing a stock of medicines for sale and also goods to retail in his store like soft drinks. Each month, he earns a monthly net income of PHP 20,000 doing this type of work.

In the future, Malvar hopes to further improve his business and meet his goal of becoming a successful entrepreneur by simply working hard and staying humble.

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, 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