100%

funded

Total loan: $1,100

Ellaindina's Group

Flag of Philippines
Brgy. Tucal, Solano, Nueva Vizcaya, Cagayan Valley, Philippines / Retail

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A loan helped To purchase new items to expand product offering.


Ellaindina's Group's story

Ellaindina O. owns and operates a general store selling daily use products such as shampoo, soap and toothpaste in her community. She is 31 years old, married and has two school-aged children. They are from the village of Brgy. Tucal, Solano, Nueva Vizcaya. Ellaindina has been in her business for over seven years and earns approximately 5,000 Philippine pesos (PHP) a month. In 2007, Ellaindina joined ASKI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. She has successfully repaid a previous loan of 7,000 PHP from ASKI which was used to purchase additional products to sell. Ellaindina is requesting a new loan of 10,000 PHP which will be used to purchase new items to expand her product offering. This will be her seventh loan from ASKI. She plans to use additional income to improve the general living conditions of her family. Ellaindina is the leader of a seven member group accessing a 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. 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, 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.