A loan of $1,700 helped a member to purchase fertilizers such as manure.

Cristeta's Group's story

Cristeta D. C. is from the village of Holy Friday. She is 55 years old. Cristeta is the group leader of an 11-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 Cristeta D. C.'s Group.

Cristeta is married and has 6 adult children. To make a living, Cristeta owns & operates an agricultural business raising crops. The main source of income for the business comes from planting & harvesting a variety of vegetables for sale. Cristeta has been engaged in her business for over 8 years and earns approximately 3,500 PHP a month for these activities.

In 2008, Cristeta joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Cristeta has successfully repaid a previous loan of 6,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings, and young crops to raise. Cristeta is requesting a new loan of 7,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the fourth loan taken out by Cristeta from ASKI. She plans to use the additional revenue generated from the business to improve/expand it.

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: Cristeta, Vencio, Norma, Eleonor, Pepito, Viviana, Leonardo, Rowena, Mary Jane, Emma, Julita

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