A loan of $350 helped a member to purchase baby livestock to raise and sell in the future.

Makenly's Group's story

Makenly B. is from the village of Cabisera 9-11. She is 25 years old. Makenly is the group leader of a two-member group loan offered by ASKI, a Kiva partner. While each member of the group receives an individual loan, they are both collectively responsible for paying back the loans of their fellow group member if she is delinquent or defaults. The official name of this borrowing group is Makenly B.'s Group.

Makenly is married and has an infant child. To make a living, Makenly raises livestock. The main source of income for the business comes from raising pigs for sale. Makenly has been engaged in her business for over two years and earns approximately 5,000 Philippine pesos a month for these activities.

In 2009, Makenly joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Makenly has successfully repaid a previous loan from ASKI. Makenly is requesting a new loan of 8,000 PHP, which will be used to purchase baby livestock to raise and sell in the future. This will be the third loan taken out by Makenly 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: Makenly, Mary Jane

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