A loan of $1,800 helped a member to purchase livestock feed & other supplies.


Maria Charito's Group's story

Maria Charito A. is from the village of Brgy.Lantap,Bagabag,Nueva Vizcaya. She is 46 years old. Maria Charito is the group leader of a 7-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. Maria Charito is married and has 3 school-aged children. To make a living, Maria Charito owns & operates a business raising pigs for fattening and sale. Maria Charito has been engaged in her business for over 5 years and earns approximately 5000 PHP a month for these activities. In 2008, Maria Charito joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Maria Charito repaid a previous loan of 10,000 PHP from ASKI, which she used to purchase baby livestock to raise & sell in future. Maria Charito is requesting a new loan of 10000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the fourth loan taken out by Maria Charito from ASKI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family. 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: Maria Charito, Caridad, Vilma, Yolanda, Lea, Tessie, Felicidad
*not pictured



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