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Ofelia's Group
In this Group: Ofelia, Conchita, Maricris, Apple Grace , Elsa, Crisanta
Ofelia is 55 years of age with three children and married to a company driver. Her group has six members. The group works hard to improve their way of living. Ofelia is asking for a loan of PHP 7,000 to purchase additional feed for her hogs. She earns PHP 4,000 every three months in her hog-raising business. The members hope that Kiva lenders will continue to give them financial assistance for the development of their businesses.

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
  • 1242
    View loans »
    Philippines Loans Fundraising
  • $57,812,500
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Ofelia's Group's $950 loan helped a member to purchase feed for her hogs.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 14, 2011
Listed
May 16, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011