A loan of $1,575 helped a member to purchase more products to sell.

Marilou's Group's story

Marilou C. is from the village of San Pablo, Cauayan City, Isabela. She is 32 years old. Marilou is the group leader of an 8-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.

Marilou is married and has 2 school-aged children. Marilou owns and operates a retail business. The main source of income for the business comes from selling fruits and vegetables. Marilou has been involved in her business for over 3 years and earns approximately 4000 PHP a month for these activities.

In 2007, Marilou joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilou is requesting a new loan which will be used to purchase more products to sell. She plans to use the additional revenue generated from the business to make improvements to her house and to 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: Marilou, Emilia, Francisca, Jocelyn, Analiza, Diosdado, Juanita*, Luzviminda
*not pictured

Loan details

Lenders and lending teams

Loan details