A loan of $4,325 helped a member to purchase additional products to sell.

Elvira's Group's story

Elvira T. is from the village of Calamagui, San Pablo, Isabela. She is 48 years old. Elvira is the group leader of a 17-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.

Elvira is married and has 3 school-aged children. Elvira owns & operates a general store where she sells daily-use products such as shampoo, soap & toothpaste. Elvira has been engaged in her business for over 7 years and earns approximately 5,000 PHP a month.

In 2008, Elvira joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Elvira has successfully repaid a previous loan of 10,000 PHP from ASKI. She is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This loan will be the fourth loan taken out by Elvira from ASKI. She plans to use the additional revenue generated to pay her children's tuition fees.

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: Elvira, Cathy, Roselily, Susana, Damiana, Minardo, Julita, Jocelyn, Nestor, Florfina, Connie*, Mildred*, Catalina*, Edna, Marites, Joseph, Maribel
*not pictured

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Loan details