A loan of $1,100 helped a member to purchase baby livestock to raise and sell in the future.

Lucrecia's Group's story

Lucrecia B. is from the village of Bacolod, Cauayan City, Isabela. She is 36 years old. Lucrecia 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.

Lucrecia is married and has two school-aged children. To make a living, Lucrecia raises livestock. The main source of income for the business comes from raising pigs for fattening and sale. Lucrecia has been engaged in her business for over two years and earns approximately 2,000 Philippine pesos a month for these activities.

In 2010, Lucrecia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lucrecia is requesting a new loan of 5,000 PHP, which will be used to purchase baby livestock to raise and sell in the future. This will be the first loan taken out by Lucrecia from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

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: Lucrecia, Julie, Jenny Rose, Lovy Angelica, Grace, Liezel, Noemi, Pilarita, Thelma, Rose Mary

Loan details

Lenders and lending teams

Loan details