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Emelita's Group
In this Group: Emelita, Alinia, Erna, Visitacion, Janeth, Federica, Emely, Marta
Emelita B. is from the village of San Luis, Cauayan City, Isabela. She is 43 years old. Emelita is the group leader of a 8-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.

Emelita is married and has three adult children. To make a living, Emelita owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes from selling both food & daily use products in the local community. Emelita has been engaged in her business for over 8 years and earns approximately 6000 PHP a month for these activities.

In 2007, Emelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emelita has successfully repaid a previous loan of 8000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Emelita is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This will be the 4th loan taken out by Emelita from ASKI. She plans to use the additional revenue generated from the business to supplement the family's income.

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
  • 1010
    View loans »
    Philippines Loans Fundraising
  • $63,421,500
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Emelita's Group's $1,750 loan helped a member to purchase additional products to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Feb 24, 2011
Mar 23, 2011
Currency Exchange Loss:
Sep 15, 2011