A loan of $550 helped a member to purchase additional products to sell.

Marilou's Group's story

Marilou D. S. is from the village of Magsaysay. She is 28 years old. Marilou is the group leader of a five-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 Marilou D. S..

Marilou is married. To make a living, she owns and operates a specialized retail store, selling vegetables in the local community. Marilou has been engaged in her business for more than seven years and earns approximately 9,600 PHP a month for these activities.

In 2010, Marilou joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilou is requesting a loan of 5,000 PHP, which will be used to purchase additional products to sell. This loan will be the first loan taken out by Marilou from ASKI. She plans to use the additional revenue generated from the business to improve/expand the 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: Marilou, Daina, Fe, Guada, Linda

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