A loan of $3,375 helped a member to purchase additional products to sell.


Patrocenia's Group's story

Patrocenia N. is from the village of Alinam, Cauayan City, Isabela. She is 45 years old. Patrocenia is the group leader of a 12-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.

Patrocenia is married and has 3 school-aged children. Patrocenia owns & operates a general store where she sells food & daily-use products. Patrocenia is just starting this business.

In 2007, Patrocenia joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Patrocenia is requesting a new loan of 12,000 PHP which will be used to purchase additional products to sell. This loan will be the seventh loan taken out by Patrocenia 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: Patrocenia, Zenaida, Rowena, Lydia, Jasmin*, Rebecca, Levie, Benny, Virgie, Marites, Marilou, Amelia
*not pictured



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Loan details