A loan of $900 helped a member to purchase additional inventory & working capital.


Gloria's Group's story

Gloria T. is from the village of Guayabal, Cauayan City. She is 44 years old. Gloria is the group leader of an eight-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. Gloria is married and has three adult children. To make a living, Gloria owns & operates a general store selling a variety of different products in the local community. Gloria has been engaged in her business for over two years and earns approximately 2,000 PHP a month for these activities. In 2009, Gloria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gloria is requesting a new loan of 5,000 PHP, which will be used to purchase additional inventory & working capital. This loan will be the second loan taken out by Gloria 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 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: Gloria, Pablo, Zenaida, Jenny, Adoracion, Erlinda, Fely, Elymar*
*not pictured



Loan details


Lenders and lending teams



Loan details