Total loan: $3,600

Jonalyn's Group

Flag of Philippines
Cabisera 5, San Antonio, Ilagan, Isabela, , Philippines / Agriculture

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A loan helped To purchase fertilizer.

Jonalyn's Group's story

Jonalyn T. is from the village of San Antonio. She is 27 years old, and she is the 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 on their loan. Jonalyn is married and has 2 infant-aged children. To make a living, Jonalyn plants and harvests rice for sale. Jonalyn has been engaged in her business for more than 2 years and earns approximately 20000 PHP per harvest. In 2010, Jonalyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting her first loan, for 12000 PHP, to be used to purchase fertilizer such as manure. Jonalyn plans to use the additional revenue generated to improve and 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 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.