A loan of $2,125 helped a member to purchase new items to expand her product offering.

Ludivina's Group's story

Ludivina C. is from the village of Remus, Baggao, Cagayan. She is 29 years old. Ludivina is the group leader of a 14-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.

Ludivina is married and has three young children. To make a living, Ludivina operates a specialized retail store. The main source of income for the business comes from selling daily-use products, such as shampoo, soap and toothpaste, in the local community. Ludivina has been engaged in her business for over three years and earns approximately 10,000 Philippine pesos a month for these activities.

In 2009, Ludivina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Ludivina has successfully repaid a previous loan of 6,000 PHP from ASKI. Ludivina is requesting a new loan of 10,000 PHP, which will be used to purchase new items to expand her product offering. This will be the second loan taken out by Ludivina 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 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: Ludivina, Leticia, Magie, Sionie, Remedios, Anita, Rosemelia, Lounelyn, Rexymay, Milagros, Susan, Alicia, Maribel, Teresita

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