100%

funded

Total loan: $1,675

Rosemarie's Group

Flag of Philippines
Dipacamo,San Guillermo,Isabela, Cagayan Valley, Philippines / Agriculture

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A loan helped To purchase piglets.


Rosemarie's Group's story

Rosemarie P. is from the village of Dipacamo, San Guillermo, Isabela. She is 44 years old. Rosemarie is the group leader of an 8-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. Rosemarie is married and has three school-aged children. To make a living, Rosemarie raises pigs for fattening and sale. Rosemarie has been engaged in her business for more than 10 years and earns approximately 4,500 PHP a month for these activities. In 2010, Rosemarie joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Rosemarie has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase feed and other supplies. Rosemarie is requesting a new loan of 10,000 PHP, which will be used to purchase baby pigs to raise and sell in the future. This loan will be the second loan taken out by Rosemarie from ASKI. She plans to use the additional revenue generated from the business to improve/expand her business. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fishers, and small-business 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.