A loan of $575 helped a member to expand her business.


Mary Ann's Group's story

Mary Ann T. is from the village of Bitag Grande, Baggao, Cagayan. She is 36 years old. Mary Ann is the leader of a 5-member loan group sponsored by ASKI. Although each member of the group receives an individual loan, they are collectively responsible for repaying the loans of their fellow group members if someone is delinquent or defaults.

Mary Ann is married and has 4 school-aged children. To make a living, Mary Ann grows fruit trees, and then harvests and sells the fruit. Mary Ann has been engaged in her business for over 5 years and earns approximately 3,500 PHP a month from these activities.

Mary Ann joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Mary Ann is requesting a loan of 7000 PHP to expand her business. This will be Mary Ann's first loan from ASKI. She plans to use the additional revenue generated from the business to improve/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 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: Mary Ann, Ma. Rosario, Estrella, Flordeliza, Marivie



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