A loan of $1,025 helped a member to purchase livestock feed & other supplies.

Teresita C. Pascual Group's story

Teresita C. P. is from the village of Mocag Baggao, Cagayan. She is 55 years old. Teresita is the group leader of an 11 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.

Teresita is married and has 4 adult children. To make a living, Teresita owns & operates a business raising livestock. The main source of income for the business comes from raising pigs for sale. Teresita has been engaged in her business for over three years and earns approximately 1,500 PHP a month from these activities.

In 2009, Teresita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Teresita is requesting a new loan of 5,000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the first loan taken out by Teresita from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 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.

In this group: Teresita C., Lourdes, Esminia, Josephine, Loida, Fely, Teresita B., Eliza, Emelyn, Herminia, Gina
*not pictured

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Loan details