Total loan: $3,075

Rosie's Group

Flag of Philippines
Andarayan, Solana, Cagayan, Cagayan Valley, Philippines / Food

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A loan helped To purchase raw ingredients needed to make food products to sell.

Rosie's Group's story

Rosie M. is from the village of Andarayan, Solana, Cagayan. She is 55 years old. Rosie is the group leader of a 10-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. Rosie is married and has 4 adult children. Rosie makes and sells food in the local community. Rosie has been engaged in her business for more than 20 years and earns approximately 3,000 PHP a month. Rosie joined ASKI in 2005 to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rosie has successfully repaid a previous loan of 5,000 PHP from ASKI. Rosie is requesting a new loan of 5,000 PHP which will be used to purchase raw ingredients needed to make her products. This loan will be the fourth loan taken out by Rosie from ASKI. She plans to use the additional revenue generated to pay tuition fees for her grandchild. 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, fishermen 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.