A loan of $1,625 helped a member to purchase additional animals.

Teresita's Group's story

Teresita A. is from the village of Casalatan, Cauayan City, Isabela. She is 53 years old. Teresita is the group leader of a 8-member group loan offered by ASKI. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Teresita is married and has 10 adult children. To make a living, Teresita owns & operates a business raising pigs for sale. Teresita has been engaged in her business for over three years and earns approximately 2,000 whenever she sells her raised animals.

In 2006, Teresita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teresita is requesting a new loan of 12,000 PHP, which will be used to purchase additional animals. This loan will be the seventh loan taken out by Teresita from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 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.

In this group: Teresita, Orlando, Rosita, Gemma, Gloria, Analiza, Susan, Luzviminda

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