100%

funded

Total loan: $1,950

Erlinda's Group

Mararigue, San Manuel, Isabela, Cagayan Valley, Philippines / Retail

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A loan helped To purchase new items to expand her product offering.


Erlinda's Group's story

Erlinda B. is from the village of Mararigue. She is 52 years old. Erlinda is the group leader of a 6-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. The official name of this borrowing group is Erlinda's Group. Erlinda is married and has two school-aged children. To make a living, Erlinda owns & operates a general store where she sells a variety of different products in the local community. Erlinda has been engaged in her business for over 16 years and earns approximately 8,000 PHP a month for these activities. In 2006, Erlinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Erlinda is requesting a new loan of 28,000 PHP, which will be used to purchase new items to expand her product offering. This loan will be the sixth loan taken out by Erlinda 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 25 branches covering the Central and Northeastern areas. Its clients are mostly 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.