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Erlinda's Group
In this Group: Erlinda, Marilou, Basilia, Leonardo, Pacita
Erlinda C. is from the village of Makabbac, Iguig, Cagayan. She is 63 years old. Erlinda is the group leader of a 5-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.


Erlinda is married and has 3 adult-aged children. To make a living Erlinda plants and harvests a variety of vegetables for sale. Erlinda has been engaged in her business for over 6 years and earns approximately 7,000 PHP a month.


In 2006, Erlinda joined ASKI to improve her living situation and her ability to engage in business activities. She successfully repaid a previous loan of 13,000 PHP from ASKI. Erlinda is requesting her eighth loan, for 15000 PHP, which she will invest in her business. She plans to use the additional revenue to make improvements to her house.


About ASKI


ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Northeastern and Central areas. Its clients are mostly 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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

  • $1175
    Average annual income
  • 1349
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 44.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Erlinda's Group's $1,875 loan helped a member to invest in her vegetable business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 23, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2010