A loan of $1,150 helped a member to purchase new items to expand her product offering.

Carmelita's Group's story

Carmelita A. is from the village of Catabban, Burgos, Isabela. She is 39 years old. Carmelita is the group leader of a five-member group loan offered by ASKI, a Kiva partner. 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.

Carmelita is married and has three school-aged children. To make a living, Carmelita runs a general store, selling a variety of different products in the local community. Carmelita has been engaged in her business for over seven years and earns approximately 5,000 Philippine pesos a month for these activities.

In 2009, Carmelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Carmelita has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Carmelita is requesting a new loan of 9,000 PHP, which will be used to purchase new items to expand her product offering. This will be the third loan taken out by Carmelita 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 micro-finance 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: Carmelita, Janette, Elma, Emma, Rayma
*not pictured

Loan details

Lenders and lending teams

Loan details