A loan of $1,925 helped a member to purchase fertilizers such as manure.

Imelda's Group's story

Imelda B.'s main source of income comes from planting and harvesting rice and corn for sale. She is 38 years old, married and has two school-aged children. They are from the village of Cabisera 5, San Antonio, Ilagan, Isabela. Imelda has been in her business for over 20 years and earns approximately 4,000 Philippine pesos (PHP) a month.

In 2010, Imelda joined ASKI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from ASKI which was used to purchase fertilizers such as manure. Imelda is requesting a new loan of 9,000 PHP which will be used to purchase fertilizers such as manure. This will be her second loan from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

Imelda is the leader of a six member group accessing a loan offered by ASKI. 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. The official name of this borrowing group is "Imelda B.'s Group".

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 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: Imelda, Herminia, Mila, Cesario, Catherine, Dionicio*
*not pictured

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