A loan of $3,875 helped a member to purchase additional inventory and as working capital.

Nehemia's Group's story

Nehemia C. is from the village of Diamantina, Cabatuan, Isabela. She is 43 years old. Nehemia is the group leader of an eighteen-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.The official name of this borrower's group is Nehemia C.' Group.

Nehemia is married and has two school-aged children. To make a living, she runs a general store, selling daily use products such as shampoo, soap and toothpaste in the local community. Nehemia has been engaged in her business for over five years and earns approximately 500 PHP daily.

In 2007, Nehemia joined ASKI to gain access to financial services to help improve her living situation by engaging in business activities. Nehemia is requesting a new loan of 15,000 PHP which will be used to purchase additional inventory and as working capital. This will be her 4th loan from ASKI. She plans to use the additional revenue generated from the business to improve her business.

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: Nehemia, Juliana, Julieta, Mercy, Minerva, Rose, Virginia, Mark Arthur, Maricel, Donna, Diadina, Marilyn, Marifel, Marilyn, Corazon, Avelina, Jovita, Wellington

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