A loan of $450 helped a member to purchase additional products to sell.

Levie's Group's story

Levie S. is from the village of Pilitan. She is 23 years old. Levie is the group leader of a 4-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 Levie S..

Levie is married. To make a living, Levie runs a vegetable store in her local community. Levie earns approximately 4,000 PHP a month for these activities.

In 2009, Levie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Levie is requesting a new loan of 5000 PHP which will be used to purchase additional products to sell. This loan will be the first loan taken out by Levie from ASKI. She plans to use the additional revenue generated 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 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: Levie, Marina, Diorita, Illuminada

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