A loan of $1,925 helped a member to purchase additional seed, seedlings & young crops to plant and grow.

Amy's Group's story

Amy D. is from the village of barangay Bagahabag, Solano, Nueva Vizcaya. She is 38 years old. Amy 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 Amy D. group.

Amy is married and has 3 school-aged children. To make a living, Amy owns & operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting & harvesting fruits & vegetables for sale. Amy has been engaged in her business for over 5 years and earns approximately 8,000 PHP a month for these activities.

In 2007, Amy joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Amy has successfully repaid a previous loan of 6,000 PHP from ASKI. This previous loan was used to pay for services to increase crop yield. Amy is requesting a new loan of 10000 PHP which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be the seventh loan taken out by Amy from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family.

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.

In this group: Amy, Saniata, Ma. Teresa, Bernard, Rogel, Lolita, Filomena, Larry, Romeo, Andres, Daisy, Warlita

Loan details

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Loan details