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Imelda Yadao's Group
In this Group: Imelda, Neolita, Rebecca, Modesta, Zenaida, Noemi, Gemarose, Gigi, Jonalyn, Dan Dan
Imelda Y. is 49 years old and the leader of “Imelda Y.’s Group” a 10-member loan group from ASKI. She is from the village of Simmimbaan. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Imelda is married and has a school-aged child. To make a living, Imelda owns and operates a business making and selling food. Her main source of income comes primarily from preparing and selling cooked food for daily meals. Imelda has been engaged in her business for over five years and earns approximately 4,000 PHP a month.

Imelda joined ASKI in 2006 to gain access to financial services to help improve her living situation and ability to engage in business activities. Imelda has successfully repaid a previous loan of 10,000 PHP from ASKI that was used to purchase additional inventory and use as working capital. Imelda is requesting a new loan of 8,000 PHP to purchase additional inventory and provide working capital. This will be the tenth loan taken out by Imelda from ASKI. She plans to use the additional revenue generated from her business to pay tuition fees of for her child.

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.

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
  • 1468
    View loans »
    Philippines Loans Fundraising
  • $59,394,700
    Funds lent in using Kiva
  • 44.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Imelda Yadao's Group's $1,550 loan helped a member to purchase additional inventory and provide.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Dec 22, 2010
Jan 20, 2011
Currency Exchange Loss:
Jul 18, 2011