A loan of $2,775 helped a member to purchase additional fabrics and materials.


Zenaida's Group's story

Zenaida L. is from the village of Sampaguita, Solana, Cagayan. She is 57 years old and is the group leader of this twelve-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. Zenaida is married and has one adult child. Zenaida owns and operates a tailoring business, providing general alteration and tailoring services to local community members. She has been engaged in her business for over ten years and earns approximately 4,500 PHP a month. In 2008, Zenaida joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from ASKI. Zenaida is requesting a new loan of 12,000 PHP which will be used to purchase additional fabrics and materials. This loan will be her fifth from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her family. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one branches covering the Central and Northeastern areas. Its clients are mostly of 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: Zenaida, Cecilia, Anselma, Carolina, Delia, Lorna, Marivic, Teresa, Ginalyn, Nida, Soledad, Flordeliza*
*not pictured



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