A loan of $1,400 helped a member to purchase additional products to sell.

Maria's Group's story

Maria R. is from the town of Addalam Jones. She is 51 years old. Maria is the group leader of a 12-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 'Maria R. Group'.

Maria is married and has 5 children. To make a living, Maria owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Maria has been engaged in her business for over 12 years and earns approximately 4000 PHP a month for these activities.

In 2009, Maria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria has successfully repaid a previous loan of 5000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Maria is requesting a new loan of 7000 PHP which will be used to purchase additional products to sell. This will be the second loan taken out by Maria 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, 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: Maria, Digna, Leeh-Ann*, Carlina, Benielyn, Loreta, Benida, Cleofe, Cristobal, Lilia, Perlita, Rose
*not pictured

Loan details

Lenders and lending teams

Loan details