A loan of $1,825 helped a member to purchase livestock feed & other supplies.

Yolanda's Group's story

Yolanda R. is from the village of Calaocan, Cabatuan, Isabela. She is 52 years old. Yolanda is the group 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.

Yolanda is married and has 2 adult children. Yolanda owns & operates a livestock business, raising pigs for fattening and sale. Yolanda has been engaged in her business for over 10 years and earns approximately 15,000 PHP every four months.
In 2008, Yolanda joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Yolanda is requesting a new loan of 35,000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the fifth loan taken out by Yolanda 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 29 branches covering the Central and Northeastern areas. Its clients are mostly 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: Yolanda, Grace, Marietta, April Joy, Leonora, Henry

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Loan details