100%

funded

Total loan: $1,000

Rita's Group

Flag of Philippines
De Vera, Cauayan City, Isabela, Cagayan Valley, Philippines / Agriculture

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A loan helped To purchase livestock feed and other supplies.


Rita's Group's story

Rita S. is from the village of De Vera, Cauayan City, Isabela. She is 34 years old. Rita is the leader of a seven-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. Rita is married and has four school-aged children. To make a living, Rita raising livestock, primarily chickens, for sale. Rita has been engaged in her business for over 13 years and earns approximately 3,000 PHP a month. In 2011, Rita joined ASKI to gain access to financial services to help improve her business and living situation. Rita is requesting a loan of 7,000 PHP, which will be used to purchase livestock feed and other supplies. This will be the first loan taken out by Rita from ASKI. She plans to use the additional revenue generated from the business to supplement the family's income. 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 of 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 Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.