A loan of $2,475 helped a member to purchase new items to expand product selection.

Li-An's Group's story

Li-an D. is from the village of Manano. She is 34 years old. Li-an 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. The official name of this borrowing group is Li-an Diampo's Group.

Li-an is married and has two school-aged children. To make a living, Li-an owns & operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling daily use products such as shampoo, soap & toothpaste in the local community. Li-an has been engaged in her business for over 2 years and earns approximately 4,500 PHP a month for these activities.

In 2007, Li-an joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Li-an has successfully repaid a previous loan of 25,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Li-an is requesting a new loan of 15,000 PHP which will be used to purchase new items to expand her product selection. This will be the seventh loan taken out by Li-an from ASKI. She plans to use the additional revenue generated from the business to improve 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, fisherfolks 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: Li-An, Rosalina, Remegia, Villaflor, Helen, Nora, Ofelia, Venus, Imelda, Caroline

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Loan details