Total loan: $700
Centro Sur, Alcala, Cagayan, Cagayan Valley, Philippines / Transportation
Flag of Philippines
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A loan helped To repair and maintain the motorcycle used in his business.
Rodolfo's Group's story
Rodolfo V. is from the village of Centro Sur, Alcala, Cagayan. He is 58 years old and is the group leader of a six-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. Rodolfo is married and has three adult children. He owns and operates a transportation business, providing motorcycle transport services to local community members. He has been engaged in his business for over a year and earns approximately 4,000 PHP a month. In 2010, Rodolfo joined ASKI to gain access to financial services to help improve his living situation and his ability to engage in business activities. He is requesting a loan of 5,000 PHP which will be used for the repair and maintenance of the motorcycle used in his business. This loan will be his first from ASKI. He plans to use the additional revenue generated from his business to financially support immediate members of his family. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolk 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.