A loan of $1,275 helped a member for additional business which is hog raising.

Carmelita's Group's story

Carmelita V. is from the village of Manaoag, Cauayan City, Isabela. She is 40 years old. Carmelita is the group leader of a six-member group loan offered by the Kiva field 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.

Carmelita is married and has four adult-aged children. To make a living, Carmelita owns and operates a business venture in the retail sector, selling fruits and vegetables. She has been engaged in her business for over two years and earns approximately 2,000 PHP a month from these activities.

In 2008, Carmelita joined ASKI to gain access to financial services to help improve her living situation by engaging in business activities. She is requesting a new loan of 10,000 PHP which will be used for hog raising purposes as her additional business. She plans to buy hogs and feeds. This will be her 3rd loan 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 micro-finance 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: Carmelita, Sally, Gloria, Carlina, Madona, Anabelle

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Loan details