A loan of $950 helped a member to purchase materials needed to provide service.

Marilyn's Group's story

Marilyn S. is from the village of Dipacamo, San Guillermo, Isabela. She is 43 years old. Marilyn 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.

Marilyn is married and has three school-aged children. To make a living, Marilyn provides manicure and pedicure services in the local community. Marilyn has been engaged in her business for over 10 years and earns approximately 4,000 Philippine pesos a month for these activities.

In 2010, Marilyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilyn is requesting a new loan of 5,000 PHP, which will be used to purchase materials needed to provide service. This will be the first loan taken out by Marilyn from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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, 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: Marilyn, Rosalita, Almira, Clarita, Ricky, Marites, Nelia, Marilou, Jonalyn, Gloria

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