A loan of $1,100 helped a member to purchase livestock feed and other supplies.

Belinda's Group's story

Belinda L. is from the village of Calaocan, Cauayan City, Isabela. She is 40 years old. Belinda is the group leader of a nine-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.

Belinda is married and has three school-aged children. To make a living, Belinda raises pigs for fattening and sale. Belinda is just starting this business.

In 2010, Belinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Belinda is requesting a new loan of 5,000 Philippine pesos (PHP), which will be used to purchase livestock feed and other supplies. This will be the first loan taken out by Belinda from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

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: Belinda, Anelie, Delma, Viviana, Joseph, Cresencia, Geraldine, Saniata, Silvestre

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