Total loan: $1,950

Rebecca Singit's Group

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Naganacan,Cauayan City, Isabela, Cagayan Valley, Philippines / Agriculture

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A loan helped To purchase piglets.

Rebecca Singit's Group's story

Rebecca S. is 55 years old, married and has three adult-aged children. She is from the village of Naganacan within Cauayan City, a part of Isabela province on the Mindanao islands. Rebecca raises pigs to fatten and sell. Rebecca has been in business for over twenty years and earns approximately 4,000 PHP every three months. Rebecca is also the group leader of a twelve-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.

In 2011, Rebecca joined ASKI to gain access to its financial services. Rebecca is requesting a loan, her first from ASKI, of 7,000 PHP, which will be used to purchase piglets to raise and sell in the future. She plans to use any additional revenue generated to expand her business.

About ASKI:

Alalay sa Kaunlaran, Inc., or 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, fishermen and -women, 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it to continue to post loans in English while providing quality and accurate information to Kiva lenders.