A loan of $2,200 helped a member to purchase additional seeds, seedlings and young crops to raise.

Imelda's Group's story

Imelda C. is from the village of Victoria. She is 42 years old. Imelda is the group leader of a 13-member group loan offered by ASKI, a Kiva partner. 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 Imelda C.'s Group.

Imelda is married and has two school-aged children. To make a living, Imelda raises crops. The main source of income for her business comes from planting and harvesting a variety of vegetables for sale. Imelda has been engaged in her business for over 21 years and earns approximately 8,500 Philippine pesos a month for these activities.

In 2009, Imelda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Imelda has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase fertilizers, such as manure. Imelda is requesting a new loan of 10,000 PHP, which will be used to purchase additional seeds, seedlings and young crops to raise. This will be the second loan taken out by Imelda from ASKI. She plans to use the additional revenue generated from the business to improve/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, 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: Imelda, Ruth Ann, Imelda, Angelita, Florfina, Josephine, Berlina, Glory, Edna, Everlina, Felicitas, Josephine, Jackielyn

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