A loan of $1,550 helped a member to purchase baby livestock to raise & sell in future.

Florida's Group's story

Florida S. is from the village of San Lorenzo, Ilagan, Isabela. She is 35 years old. Florida is the group leader of a 9-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 'Florida S.'.

Florida is married and has 2 school-aged children. To make a living, Florida owns & operates a business venture in the agriculture sector, raising livestock. While not the only means for generating revenue, the main source of income for the business comes from raising pigs for fattening and for sale. Florida has been engaged in her business for over 12 years and earns approximately 3000 PHP a month for these activities.

In 2008, Florida joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Florida has successfully repaid a previous loan of 10,000 PHP from ASKI. Florida is requesting a new loan of 10,000 PHP which will be used to purchase baby livestock to raise & sell in future. This will be the fourth loan taken out by Florida 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 of 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: Florida, Visitacion, Rosalinda, Marilou, Teresita, Marissa, Mylene, Teodora, Violeta*

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Loan details