A loan of $675 helped a member to purchase additional products to sell.


Pacita's Group's story

Pacita A. is from the town of Aguinaldo Cordon. She is 53 years old. Pacita is the group leader of a 5-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 Pacita A.. Pacita is married and has 4 adult children. Pacita owns & operates a fruit and vegetable retail business. Pacita has been engaged in her business for over 5 years and earns approximately 6,000 PHP a month. In 2008, Pacita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Pacita has successfully repaid a previous loan of 6,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Pacita is requesting a new loan of 6,000 PHP which will also be used to purchase additional products to sell. This loan will be the fourth loan taken out by Pacita from ASKI. She plans to use the additional revenue generated to improve and 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, fishermen 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: Pacita, Mariejoy, Mary Ann, Precy, Imelda
*not pictured



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Loan details