A loan of $850 helped a member to purchase livestock feed and other supplies.

Nora's Group's story

Nora A. is from the village of San Juan. She is 49 years old. Nora is the group leader of a 6-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.

Nora is married. To make a living, Nora owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Nora has been engaged in her business for over 10 years and earns approximately 3,000 PHP whenever she sells one of her raised animals.

In 2009, Nora joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nora has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to to purchase baby livestock to raise and sell in the future. Nora is requesting a new loan of 7,000 PHP which will be used to purchase livestock feed and other supplies. This loan will be the second loan taken out by Nora 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 of farmers, fisherfolk 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: Nora, Flordeliza, Evelyn, Tranquilina, Rosana, Aurora

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