A loan of $450 helped a member to purchase additional inventory and as working capital.

Marilou's Group's story

Marilou C. is from the village of Nagrumbuan, Cauayan City, Isabela. She is the leader of a five-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.

Marilou is 23 years old, married, and has one infant-aged child. To make a living, Marilou owns and operates a general store. The main source of income for the business comes from selling daily use products, such as shampoo, soap and toothpaste, in the local community. Marilou has been engaged in her business for over three years and earns approximately 2,000 PHP per month from these activities.

Marilou 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 loan of 4,000 PHP, which will be used to purchase additional inventory and as working capital. This loan will be her first 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: Marilou, Erlinda, Cherie Anne, Darlina, Babelyn

Loan details

Lenders and lending teams

Loan details