A loan of $825 helped a member to purchase new items to expand her product offering.

Emely's Group's story

Emely T. is from the village of Caliguian. She is fifty-five years old. Emely is the group leader of a five-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 Emely T.'s Group.

Emely is married and has six grown children. To make a living, Emely owns and operates a general store in the retail sector. While not the only means for generating revenue, the main source of income for the business comes primarily from selling a variety of different products in the local community. Emely has been engaged in her business for over four years and earns approximately 4,000 PHP a month for these activities.

In 2009, Emely joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emely has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Emely is requesting a new loan of 7,000 PHP, which she will use to purchase new items to expand product her offering. This will be Emely's third loan from ASKI. She plans to use the additional revenue generated from her business to improve and expand her business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-five 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Emely, Elizabeth, Clarita, Bernardo, Rene Boy
*not pictured

Loan details

Lenders and lending teams

Loan details