Total loan: $2,800

Tomasa's Group

Calamagui, San Pablo, Isabela, Cagayan Valley, Philippines / Agriculture

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A loan helped To invest in expanding her business.

Tomasa's Group's story

Tomasa B. is from the village of Calamagui, San Pablo, Isabela. She is 46 years old and is the group leader of a twelve-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. Tomasa is married and has six school-aged children. She owns and operates a business raising and fattening pigs for sale. She has been engaged in her business for over twenty years and earns approximately 5,000 PHP a month. Tomasa joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from ASKI. Tomasa is requesting a new loan of 10,000 PHP which will be used to invest in expanding her business. This loan will be her second from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her 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.