A loan of $4,825 helped a member to purchase additional seeds, seedlings and young crops to raise.

Emerson's Group's story

Emerson L. is from the village of Mangcuram. She is 37 years old. Emerson is the group leader of a twenty-one-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 Emerson L..

Emerson is single. To make a living, Emerson owns and operates a farming business, planting and harvesting rice for sale. Emerson has been engaged in her business for over ten years and earns approximately $175 a month for these activities.

In 2010, Emerson joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emerson is requesting a loan of 15,000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. This will be her 1st loan from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her family.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisher folks 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: Emerson, Roland, Adoracion, Angelita, Arnel, Arnold, Arsenio, Bienvenido, Crisanto, Cristina, Eddie, Edgardo, Edna, Edwin*, Elmer, Glenn, Leonila, Magielyn, Michael, Neil, Noel
*not pictured

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Loan details