A loan of $1,275 helped a member to purchase livestock feed & other supplies.

Rosalinda Lugod's Group's story

Rosalinda L. is from the village of Brgy. Vista Alegre, Bayombong, Nueva Vizcaya. She is 43 years old. Rosalinda is the group leader of a 7-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.

Rosalinda is married and has five school-aged children. To make a living, Rosalinda owns & operates a business raising pigs for sale. Rosalinda has been engaged in her business for over four years and earns approximately 5,000 PHP a month for these activities.

In 2008, Rosalinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalinda has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase piglets to raise & sell in the future. Rosalinda is requesting a new loan of 10,000 PHP, which will be used to purchase livestock feed & other supplies. This loan will be the third loan taken out by Rosalinda from ASKI. She plans to use the additional revenue generated from the business to improve/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 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: Rosalinda, Willy, Ma. Dolores, Brendalyn, Jaime, Reymundo, Jesper Paul

Loan details

Lenders and lending teams

Loan details