A loan of $3,150 helped a member to purchase new items to expand product offering.


Mariefe's Group's story

Mariefe C. is from the village of Sto.T., Alicia, Isabela. She is the leader of a 17-member group loan offered by Kiva partner, 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 anyone is delinquent or defaults.

Mariefe is 33 years old, married, and has three school-aged children. To make a living, she owns and operates a general store. The main source of income for the business comes from selling daily use products such as shampoo, soap, and toothpaste, in the local community. Mariefe has been engaged in her business for over 12 years and earns approximately 300 to 500 PHP daily.

In 2008, Mariefe joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 8,000 PHP, which will be used to purchase new items to expand her product offering. This loan will be her third from ASKI. Mariefe plans to use the additional revenue generated from her 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 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: Mariefe, Elsa, Virginia, Joan, Jesalie, Jackielyn, Jocilda, Baby Ruth, Marivic, Dely, Rubylyn, Corazon, Milagros, Velita, Frenelinda, Leonora, Marife



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