A loan of $3,400 helped a member to purchase additional products to sell.

Lilibeth's Group's story

Lilibeth A. is from the village of Union, Cauayan City, Isabela. She is 35 years old. Lilibeth is the group leader of a 17-member group loan offered by ASKI. 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.

Lilibeth is married and has four school-aged children. To make a living, Lilibeth owns & operates a general store where she sells daily use products such as shampoo, soap & toothpaste in the local community. Lilibeth has been engaged in her business for over 10 years and earns approximately 4,000 PHP a month for these activities.

In 2006, Lilibeth joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilibeth is requesting a new loan of 17,000 PHP, which will be used to purchase additional products to sell. This loan will be the fifth loan taken out by Lilibeth from ASKI. She plans to use the additional revenue generated from the business to supplement the 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: Lilibeth, Richel, Margie, Maricel, Angelina, Aileen, Rosita, Severina, Yolanda, Tina, Leticia, Rowena, Edna, Nida, Lorenza, Marissa, Lilia

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