A loan of $2,900 helped a member to purchase livestock feed and other supplies.


Gloria's Group's story

Gloria R. is from the village of Mocag, Baggao, Cagayan, and is the leader of a 21-member group loan offered by Kiva partner, ASKI. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.
Gloria is 37 years old, married, and has two school-aged children. To make a living, Gloria owns and operates a business venture in the agriculture sector raising livestock. The main source of income for the business comes from raising pigs for fattening and sale. Gloria has been engaged in her business for over ten years and earns approximately 3,000 PHP whenever she sells an animal she has raised.
In 2009, Gloria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from ASKI. Gloria is requesting a new loan of 8,000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be her second from ASKI. She plans to use the additional revenue generated to improve and 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 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: Gloria, Adoracion, Jessie, Mary Ann, Pacita, Evelyn, Rowena, Jenalyn*, Ederlina, Flordeliza, Estelita, Imelda, Geralyn, Ginalyn, Ma. Bernadeth, Yolanda, Maria, Maribel, Florida, Lolita, Sionela
*not pictured



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