A loan of $1,650 helped a member to purchase new items to expand inventory and product variety.


Natividad's Group's story

Natividad C. is from the village of San Miguel. She is 59 years old. Natividad is the group leader of a 5-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. The official name of this borrowing group is Natividad C.'s Group. Natividad is married and has 7 school-aged children. To make a living, Natividad owns & operates a business venture in the retail sector running a general store. Natividad has been engaged in her business for over 4 years and earns approximately 10,000 PHP a month for these activities. In 2007, Natividad joined ASKI to gain access to financial services to help improve her living situation and to engage in business activities. Natividad has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Natividad is requesting a new loan of 20000 PHP, which will be used to purchase new items to expand her product offering. This will be the fourth loan taken out by Natividad from ASKI. She plans to use the additional revenue generated from the business to improve and expand the group’s businesses. 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, fisherfolks 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: Natividad, Edverlyn, Margie, Erlinda, Beatris
*not pictured



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