100%

funded

Total loan: $550

Gloria's Group

Turod Norte Cordon, Cagayan Valley, Philippines / Agriculture

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A loan helped To buy feed and supplies for her pigs.


Gloria's Group's story

Gloria M. is from the town of Turod Norte Cordon. She is 53 years old. Gloria is the leader of a 5-member loan group sponsored by ASKI. Although each member of the group receives an individual loan, they are collectively responsible for repaying the loans of their fellow group members if someone is delinquent or defaults. Gloria is married and has three adult children. To make a living, Gloria raises and sells pigs. Gloria has been engaged in her business for over 15 years and earns approximately 4000 PHP a month from these activities. In 2010, Gloria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gloria is requesting a loan of 5000 PHP to buy feed and supplies for her pigs. This will be Gloria's first loan from ASKI. She plans to use the additional revenue generated from the business to improve and 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 of 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.