A loan of $3,150 helped a member to purchase additional products to sell.

Jonalyn's Group's story

Jonalyn L. is from the village of Minanga Proper, in Angadanan, Isabela province. She is 32 years old. Jonalyn is the group leader of a 10-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.

Jonalyn is married and has 3 school-aged children. To make a living, Jonalyn owns & operates a general store. The main source of income for the business comes from selling both food & daily use products in the local community. Jonalyn has been engaged in her business for over 12 years and earns approximately 6,000 PHP a month.

In 2007, Jonalyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 29,000 PHP, which will be used to purchase additional products to sell. This loan will be the eighth loan Jonalyn has taken from ASKI. She plans to use the additional revenue generated from the business to supplement the family's income.

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, fisher folk 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: Jonalyn, Carmelita, Genoveva, Myrna, Brigida, Elsa, Maria, Susan, Eulalia, Anita

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