A loan of $650 helped a member purchase livestock feed and other supplies.

Evelyn's Group's story

Evelyn L. is from the town of Benito Soliven. She is 50 years old. Evelyn is the leader of a 6-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.

Evelyn is married and has 4 adult-aged children. To make a living, Evelyn owns and operates a business that raises livestock, primarily pigs for breeding. Evelyn has been in her business for over 15 years and earns approximately 5,000 PHP a month.

In 2010, Evelyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Evelyn is requesting a new loan of 5000 PHP to purchase livestock feed and other supplies. This loan will be the first loan taken out by Evelyn from ASKI. She plans to use the additional revenue generated from the business 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, 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 Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Evelyn, Visitacion, Edna, Vivian, Annelyn, Loreta

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Loan details