A loan of $2,075 helped a member to purchase additional waste & junk materials to sell.

Rodrigo's Group's story

Rodrigo C. is from the town of San Miguel, Ramon. He is 55 years old. Rodrigo is the group leader of a 12-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. The official name of this borrowing group is Rodrigo C.'s group.

Rodrigo is married. To make a living, Rodrigo owns & operates a business venture in the services sector providing recycling services. While not the only means for generating revenue, the main source of income for the business comes primarily from hauling junk & other waste material for local businesses and community members. Rodrigo has been engaged in his business for over 20 years and earns approximately 6000 PHP a month for these activities.

In 2005, Rodrigo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rodrigo has successfully repaid a previous loan of 13000 PHP from ASKI. This previous loan was used to purchase additional plastics & other recyclables to sell. Rodrigo is requesting a new loan of 15000 PHP which will be used to purchase additional waste & junk materials to sell. This loan will be the tenth loan taken out by Rodrigo from ASKI. He plans to use the additional revenue generated from the business to improve/expand the borrower's 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: Rodrigo, Lilia, Florida, Emma, Marilyn*, Gina, Remencio, Gracia, Jerome, Marilou, Julie *
*not pictured

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