A loan of $1,900 helped a member to purchase additional products to sell.

Hilaria Sagabaen's Group's story

Hilaria S. is from the village of Culalabat, Cauayan City, Isabela. She is 44 years old. Hilaria is the group leader of a 13-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.

Hilaria is married and has three school-aged children. To make a living, Hilaria runs a general store. The main source of income for the business comes from selling both food and daily-use products in the local community. Hilaria has been engaged in her business for over 10 years and earns approximately 3,000 Philippine pesos (PHP) a month from it.

In 2007, Hilaria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Hilaria has successfully repaid a previous loan from ASKI. This previous loan was used to purchase additional products to sell.

Hilaria is requesting a new loan of 5,000 PHP, which will also be used to purchase additional products to sell. This will be the seventh loan taken out by Hilaria 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: Hilaria, Cristetita, Ronnie, Erlinda, Fraida, Corazon, Maribel, Norma, Josephine, Susima, Marina, Rosenda, Cita

Loan details

Lenders and lending teams

Loan details