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Leticia Limos Group
In this Group: Herminigilda, Jovelyn, Melinda, Leticia, Dominga, Luz, Marilyn, Leonor, Lolita, Clarita, Jackielyn, Leticia
Leticia is the leader of the 12 members who are taking a group loan. Leticia is married and 56 years old. She has a retailing business where she sells various vegetables in the community. She has operated this business for almost three years. Leticia is requesting a loan of PHP 10,000 to purchase vegetable seeds and fertilizers. She will also use the loan to buy vegetables in the market to sell in the villages. She usually earns about PHP 3,000 each month in this business. She hopes that her business will improve while taking the loan.

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
  • 1066
    View loans »
    Philippines Loans Fundraising
  • $57,698,150
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Leticia Limos Group's $2,875 loan helped a member to purchase fertilizers and various vegetable seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 20, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 18, 2011