Funded

Total loan: $800
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Isabelita's Group

Philippines
Sinili Santiago City, Philippines / Motorcycle Transport

A loan of $800 helped a member to repair a transport vehicle used in her business.


Isabelita's Group's story

Isabelita M. is from Sinili, Santiago. She is 58 years old and is the group leader of this eight-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. The official name of this borrowing group is Isabelita M.'s Group.

Isabelita is married and has nine school-aged children. She owns and operates a transportation business, providing motorcycle transport to local community members. She has been engaged in her business for over four years and earns approximately 3,000 PHP a month.

In 2009, Isabelita 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 5,000 PHP from ASKI. This previous loan was used to repair a transport vehicle used in her business.

Isabelita is requesting a new loan of 5,000 PHP which will again be used to repair a transport vehicle used in her business. This loan will be her third 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 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: Isabelita, Teresita, Marilyn, Raymunda, Amorsola, Cristina, Ma. Liberty, Myrna
*not pictured



Loan details

Loan length:

8 months
Disbursed date: April 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: April 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)