A loan of $1,325 helped a member to purchase additional products to sell.

Yolanda's Group's story

Yolanda S., 50, is from Rizal, Santiago City. She is the leader of a 12-member group requesting a 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.

Yolanda is married and has three adult children. To make a living, she owns and operates a business making and selling food. Yolanda has been engaged in her business for over two years earning approximately 4000 PHP a month.

In 2010, Yolanda 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 5000 PHP — the first loan taken out by Yolanda 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, fishermen 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 accurate information to Kiva lenders.

In this group: Yolanda, Glenda, Annabelle, Editha, Gemma, Diosa, Lea, Rhodora, Rosalie, Marissa, Remelda, Remedios

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