A loan of $2,175 helped a member to purchase additional fabrics & materials.

Elba's Group's story

Elba A. is from Buenavista Santiago City. She is 45 years old. Elba is the group leader of a 17-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. The official name of this borrowing group is Elba A.'s group.

Elba is married and has 3 school-aged children. To make a living, Elba owns & operates a tailoring business, primarily providing general alterations & tailoring services to local community members. Elba has been engaged in her business for over 20 years and earns approximately 5000 PHP a month for these activities.

In 2009, Elba joined ASKI to gain access to financial services to help improve her living situation and to have the ability to engage in business activities. Elba has successfully repaid a previous loan of 7000 PHP from ASKI. This previous loan was used to purchase additional fabrics & materials. Elba is requesting a new loan of 9000 PHP which will be used to purchase additional fabrics & materials. This will be the third loan taken out by Elba from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 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. 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: Elba, Elisa, Melinda, Imelda, Helen, Janeth*, Analiza, Melanie, Marilyn, Jofel Anne, Antomina, Marilyn, Rosemarie, Monaliza, Daisy, Arleen, Eleonor
*not pictured

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