A loan of $1,325 helped a member to purchase new items to expand product offering.


Josephine's Group's story

Josephine D. C. is from the village of Olango, Mallig, Isabela. She is 45 years old. Josephine 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.

Josephine is married and has 6 school-aged children. To make a living, Josephine owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Josephine has been engaged in her business for over 10 years and earns approximately 6,000 PHP a month for these activities.

In 2009, Josephine joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Josephine has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to to purchase additional products to sell. Josephine is requesting a new loan of 10,000 PHP which will be used to purchase new items to expand product offering. This will be the second loan taken out by Josephine 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, 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: Josephine, Merly, Carmen, Nora, Mercedes, Monaliza, Merlina, Melanio
*not pictured



Loan details


Lenders and lending teams



Loan details