A loan of $1,125 helped a member to purchase additional fish to sell.

Helen's Group's story

Helen M. is from the town of Sto. Domingo, Alfonso Lista, Ifugao. She is the leader of a ten-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. The official name of this borrowing group is Helen M. group.

Helen is 30 years old, married, and has one school-aged child. To make a living, she owns and operates a fishing business, catching and selling freshwater fish to the market. Helen has been engaged in her business for over five years and earns approximately 6,000 PHP per month from these activities.

In 2010, Helen 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 loan of 5,000 PHP, which will be used to purchase additional fish to sell. This loan will be her first 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: Helen, Cresencia, Dolores, Bernadeth, Emily, Marissa, Terry, Herminia, Elsa, Rosie

Loan details

Lenders and lending teams

Loan details