Total loan: $2,475

Ceferina's Group

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Del Corpuz, Cabatuan, Isabela, Cagayan Valley, Philippines / Food

Ceferina's Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To purchase additional inventory and as working capital.

Ceferina's Group's story

Ceferina G., from the village of Del C., Cabatuan,Isabela, is the 54-year-old leader of a 14-member group loan offered by ASKI. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Ceferina, who is married and has six adult-aged children, owns and operates a specialized retail store selling fruits and vegetables in the local community. Engaged in her business for over 20 years, she earns approximately 5000 PHP a month.

In 2008, Ceferina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Now requesting a new loan of 14000 PHP, her fifth, to purchase additional inventory and use as working capital, she plans to use the additional revenue generated from the business to improve/expand her store.

About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern areas. Its clients are mostly 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.