A loan of $1,200 helped a member to purchase livestock feed & other supplies.

Lilibeth's Group's story

Lilibeth L. is from the village of Padul, Solana, Cagayan. She is 47 years old. Lilibeth is the group leader of a 9-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.

Lilibeth is married and has 4 children. To make a living, Lilibeth owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes from raising pigs for fattening and sale. Lilibeth has been engaged in her business for over 5 years and earns approximately 3,000 PHP a month for these activities.

Lilibeth joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Lilibeth has successfully repaid a previous loan of 5,000 PHP from ASKI. Lilibeth is requesting a new loan of 5000 PHP which will be used to purchase livestock feed & other supplies. This will be the sixth loan taken out by Lilibeth from ASKI. She plans to use the additional revenue generated from the business to pay the tuition fees of her children.

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 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: Lilibeth, Teodoro, Maria, Trinidad, Marilou, Leticia, Elizabeth, Ma. Salvacion, Maria

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