A loan of $1,175 helped a member to purchase additional inventory and as working capital.

Julie's Group's story

Julie A. is from the village of Rang-ay, Cabatuan, Isabela. She is 42 years old. Julie is the group leader of a 10-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.

Julie is married and has seven school-aged children. To make a living, Julie operates a store. The main source of income for the business comes from selling seafood products, including fish and shrimp, in the local community. Julie has been engaged in her business for over 10 years and earns approximately 4,000 Philippine pesos a month for these activities.

In 2010, Julie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Julie is requesting a new loan of 7,000 PHP, which will be used to purchase additional inventory and as working capital. This will be the first loan taken out by Julie from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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 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: Julie, Eva, Jonalyn, Landayan, Lusia, Marilou, Arlene, Nora, Noel, Gloria

Loan details

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Loan details