A loan of $1,875 helped a member to purchase livestock feed & other supplies.

Fatima's Group's story

Fatima R. is from the village of Bolinao. She is 29 years old. Fatima is the group leader of a 11-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 'Fatima R.'s Group'.

Fatima is married and has one school-aged child. To make a living, Fatima owns & 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 from raising pigs for fattening and sale. Fatima has been engaged in her business for over 2 years and earns approximately 3,000 PHP whenever she sells one of her raised animals.

In 2008, Fatima joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Fatima has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase livestock feed & other supplies. Fatima is requesting a new loan of 11,000 PHP which will be used to purchase livestock feed & other supplies. This will be the fourth loan taken out by Fatima 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 micro-finance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly made up 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: Fatima, Mila, Tessie, Lutchina, Fermina, Jovelyn, Adoracion, Delfin, Pilar, Lailanie, Sheila*
*not pictured

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