A loan of $1,525 helped a member to purchase new items to expand her product offering.

Normalita's Group's story

Normalita L. is from the village of Brgy. Paitan, Bayombong, Nueva Vizcaya. She is 47 years old. Normalita is the group leader of an 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.

Normalita is married and has five school-aged children. To make a living, Normalita owns & operates a general store selling both food & daily use products in the local community. Normalita has been engaged in her business for over 10 years and earns approximately 7,000 PHP a month for these activities.

In 2007, Normalita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Normalita has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Normalita is requesting a new loan of 10,000 PHP, which will be used to purchase new items to expand her product offering. This loan will be the sixth loan taken out by Normalita from ASKI. She plans to use the additional revenue generated from the business to improve/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, fisherfolks 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: Normalita, Wilhelmina, Juliet, Catherine, Catalina, Maricel, Irenia, Victoria*
*not pictured

Loan details

Lenders and lending teams

Loan details