A loan of $3,225 helped a member to purchase more products to sell.


Benita's Group's story

Benita L. is from the village of Villa C., Cauayan City, Isabela. She is 52 years old. Benita is the group leader of a fifteen-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. Benita is married and has two adult children. She owns and operates a business selling bananas and vegetables. She has been engaged in her business for over twenty-six years and earns approximately 1,000 PHP a week. In 2008, Benita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a new loan of 20,000 PHP which will be used to purchase more products to sell. This loan will be her fourth from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of farmers, fisherfolk 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: Benita, Amielyn, Romulo, Imelda, Jimmy, Edward, Nolijander, Myrna, Medie, Clarita, Marissa, Sally Jane, Helen, Eva*, Ronaldo*
*not pictured



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Loan details