A loan of $1,025 helped a member to purchase additional products to sell.

Fedelina's Group's story

Fedelina B. is from the village of Villa Concepcion, Cauayan City, Isabela. She is 35 years old. Fedelina 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.

Fedelina is married and has three school-aged children. To make a living, Fedelina owns and operates a business venture in the food sector running a food stall. While not the only means for generating revenue, the main source of income for the business comes primarily from tending a canteen near the school. Fedelina is just starting this business.

In 2010, Fedelina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Fedelina has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Fedelina is requesting a new loan of 6,000 PHP which will be used to purchase additional products to sell. This loan will be the second loan taken out by Fedelina 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 pioneer microfinance institutions in the Philippines committed to serve the needy in Central and Northern Luzon through socio-economic development and holistic transformation.

*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: Fedelina, Gloria, Andrea, Dolores, Samuel, Allan, Jesus, Rolando

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