A loan of $1,700 helped a member to purchase additional raw materials to expand her product offerings.

Lilia's Group's story

Lilia V. is from the village of Namnama. She is forty-nine years old. Lilia is the group leader of a ten-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 Lilia Vizcara.

Lilia is married and has two grown children. To make a living, Lilia owns and operates a manufacturing business. While not the only means for generating revenue, the main source of income for the business comes primarily from manufacturing and selling bamboo products to local businesses and community members. Lilia has been engaged in her business for over twelve years and earns approximately 8,000 PHP a month for these activities.

In 2009, Lilia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilia has successfully repaid a previous loan of 4,000 PHP from ASKI. She used the previous loan to purchase additional raw materials to expand product offerings. Lilia is requesting a new loan of 7,000 PHP, which she will use to purchase additional raw materials to expand product offerings. This will be Lilia's second loan from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-five 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Lilia, Carlito, Erlinda, Fe, Imelda, Rodolfo, Myrna, Ofelia, Ravelin, Rodel

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