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Gloria's Group
In this Group: Gloria, Loreta, Beverlyn, Lizel, Nerissa
Gloria D. C. is a 34-year-old, married woman from the city of Balutu, Concepcion, Tarlac. She and her husband have 3 school-age children. Gloria is the group leader of a 5-member loan group administered via 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 one of them is delinquent or defaults on their loan.

To earn a living, Gloria owns and operates a business venture in the retail sector. Specifically, she operates a specialized retail store, where she sells goods to her fellow community members. Gloria has been engaged in this business for over 13 years and earns approximately 4,500 PHP per month from these activities.

In 2009, Gloria joined ASKI to gain access to financial services. In turn, she was able to engage in business activities and to thereby improve her standard of living. Gloria recently successfully repaid a prior loan in the amount of 6,000 PHP from ASKI. This previous loan was used to to purchase new items in order to expand her product offering. Gloria is now requesting another loan, this time in the amount of 8,000 PHP (though the total loan amount being sought by the group is 29,000 PHP, or $650), which will be used to purchase additional inventory and expand her working capital. Notably, this loan would be the third loan taken out by Gloria from ASKI. She plans to use the additional revenue generated from the business to further improve/expand her business.

About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches, which cover the Central and Northeastern areas of the country. Its clients are mostly farmers, fishermen/women, and entrepreneurs.

Additional Information

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.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 804
    View loans »
    Philippines Loans Fundraising
  • $63,345,600
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Gloria's Group's $650 loan helped a member to improve her business by purchasing additional inventory and by expanding her working capital.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Mar 19, 2010
May 3, 2010
Currency Exchange Loss:
Sep 15, 2010