A loan of $2,125 helped a member to purchase materials.

Cristina's Group's story

Cristina S. is from the town of Rizaluna, Cordon. She is 43 years-old. Cristina 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 all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Rizaluna Group.

Cristina is married and has adult children. Cristina is a tricycle operator. In 2009, Cristina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Cristina is requesting a new loan of 6,000 PHP which will be used to purchase materials needed to provide the service. This loan will be the second loan taken out by Cristina from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

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, 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.

In this group: Cristina, Juliana, Rosalinda, Teresa, Francisca, Rodora, Nehemiah, Gloria, Dennis, Flower Bee, Maricel, Antonio, Enriquita, Genoviva, Evelyn, Fredelina, Erlinda

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