A loan of $4,750 helped a member to purchase additional products to sell.

Feliza's Group's story

Feliza G. is from the village of Villa Concepcion in Cauayan City, Isabela. She is 61 years old. Feliza is the leader of a 19-member group loan sponsored by ASKI. Although each member of the group receives an individual loan, they are collectively responsible for repaying the loans of their fellow group members if someone is delinquent or defaults.

Feliza is married and has 9 adult children. To make a living, Feliza runs a food stall where she sells fruits and vegetables. Feliza has been engaged in her business for over 10 years and earns approximately 6000 PHP a month from these activities.

In 2008, Feliza joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Feliza is requesting a new loan of 20000 PHP to purchase additional products to sell. This will be Feliza's fourth loan 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 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: Feliza, Ruby, Liezel, Merlene, Miriam, Natividad, Magdalena, Gemma, Remedios, Susan, Susan, Joefrey, Edison, Levie, Alexander, Josephine, Milagros, Juanita, Janilyn

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