A loan of $1,450 helped a member to purchase additional products to sell.


Lilia's Group's story

Lilia B. is from the village of San Vicente. She is 56 years old. Lilia 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 'Lilia B.'.

Lilia is married and has 3 adult children. To make a living, Lilia owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Lilia has been engaged in her business for over 5 years and earns approximately 5000 PHP a month for these activities.

In 2008, Lilia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilia has successfully repaid a previous loan of 9,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Lilia is requesting a new loan of 10,000 PHP which will be used to purchase additional products to sell. This will be the fifth loan taken out by Lilia 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: Lilia, Sotera, Marina, Corazon, Edna, Gloria, Frema, Gemma, Jhuven



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