A loan helped a member to purchase additional seeds, seedlings & young crops.

Clarita's Group's story

Clarita C. is from the village of Villa Cayaban. She is 40 years old. Clarita is the group leader of an 11-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 Clarita's Group.

Clarita is married and has two school-aged children. To make a living, Clarita owns & operates a business planting & harvesting a variety of vegetables for sale. Clarita has been engaged in her business for over one year and earns approximately 7,000 PHP a month for these activities.

In 2008, Clarita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Clarita has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase fertilizer such as manure. Clarita is requesting a new loan of 9,000 PHP, which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the third loan taken out by Clarita from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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, 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: Clarita, Flora, Melanie, Cristina, Lolita, Jovelyn, Nenita, Marilou, Elisa, Melanio, Danilo

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