A loan of $2,100 helped a member to purchase livestock, feed, & other supplies.

Rosalie's Group's story

Rosalie L. is from the village of Mozzozzin Norte, Sta. Maria, Isabela. She is 43 years old. Rosalie is the leader of a 15-member loan group 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.

Rosalie is married and has two school-aged children. To make a living, Rosalie owns and operates a business venture raising livestock. While this is not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and for sale. Rosalie has been engaged in her business for over five years and earns approximately 4000 PHP a month.

In 2009, Rosalie joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Rosalie has successfully repaid a previous loan of 5000 PHP from ASKI. Rosalie is requesting a new loan of 8000 PHP which will be used to purchase livestock, feed, and other supplies. This loan will be the second loan taken out by Rosalie from ASKI. She plans to use the additional revenue generated 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: Rosalie, Nena, Nanette, Maria, Sheryl, Luvina, Jinky, Lourdes, Elisa, Juan, Hilda, Imelda, Leticia, Dominga, Paula

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