A loan of $2,450 helped a member to purchase additional cloth and sewing materials.

Jane's Group's story

Jane T. is from the village of San Antonio, Cauayan City, Isabela. She is 55 years old. Jane is the group leader of an 11-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.

Jane is married and has 3 adult children. To make a living, Jane owns & operates a tailoring business providing specialty tailoring services to local community members. Jane has been engaged in her business for over 18 years and earns approximately 4000 PHP a month for these activities.

In 2006, Jane joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Jane has successfully repaid a previous loan of 5000 PHP from ASKI. This previous loan was used to purchase additional inventory & working capital. Jane is requesting a new loan of 9000 PHP, which will be used to purchase additional cloth and sewing materials to provide better service. This loan will be the 8th loan taken out by Jane from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business.

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, 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: Jane, Lilia, Emilio, Evangeline, Ma. Gloria, Celestina, Merlita, Rovelyn, Carmelita, Evangeline, Rosalinda

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