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A loan of $2,300 helped a member to purchase additional products to sell.

Dolores' Group's story

Dolores S. is from the village of Villa Concepcion, Cauayan City, Isabela. She is 52 years old. Dolores is the group leader of a 13-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.

Dolores is married and has 6 adult children. Dolores owns & operates a general store selling both food and products for daily use. Dolores has been engaged in her business for over one year and earns approximately 6000 PHP a month for these activities.

In 2010, Dolores joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Dolores has successfully repaid a previous loan of 6000 PHP from ASKI. The previous loan was used to purchase additional products to sell. Dolores is requesting a new loan of 15,000 PHP, which will be used to purchase additional products to sell. This loan will be the 3rd loan taken out by Dolores 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: Dolores, Lina, Nelda, Remelyn, Mila, Caroline, Aiza, Glenda, Rowena, Nora, Mario, Reynaldo, Marivic

Loan details

Lenders and lending teams

Loan details