A loan of $850 helped a member to purchase livestock feed and other supplies.

Cecilia's Group's story

Cecilia R. is from the village of Villa Luna, Cauayan City, Isabela. She is the leader of a five-member group loan offered by Kiva partner, ASKI. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Cecilia is 24 years old and single. To make a living, she owns and operates a business venture in the agriculture sector raising pigs for fattening and sale. Cecilia has been engaged in her business for over three years and earns approximately 3,000 PHP per month from these activities.

In 2009, Cecilia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a new loan of 7,000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be her second from ASKI. She plans to use the additional revenue generated from the business 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, fisherfolk 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: Cecilia, Cecille, Estelita, Maria, Nida

Loan details

Lenders and lending teams

Loan details