A loan of $1,450 helped a member to purchase additional products to sell.


Gemma's Group's story

Gemma Y. is from the village of Tandul, Cabatuan, Isabela. She is the leader of a seven-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.
Gemma is 37 years old, married, and has three school-aged children. To make a living, she owns and operates a general store inside the school campus. The main source of income for the business comes from selling food products inside the elementary school. Gemma has been engaged in her business for over 12 years and earns approximately 4,000 PHP per month from these activities.
In 2008, Gemma 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 10,000 PHP, which will be used to purchase additional products to sell. This loan will be her fifth 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: Gemma, Gloria, Esterlita, Maribel, Zenaida, Francisca, Leilanie
*not pictured



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Loan details