A loan of $800 helped a member to purchase raw ingredients for food products.

Nelia's Group's story

Nelia P. is from the village of Pagbangkeruan, Alcala, Cagayan in the Philippines. She is 57 years old. Nelia is the group leader of a 7-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.

Nelia is 57 years old and married with 5 adult-aged children. To make a living, Nelia makes and sells fish balls and other dim sum fare. Nelia has been engaged in her business for more than 4 years and earns approximately 3000 PHP a month.

In 2010, Nelia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Nelia is requesting a new loan of 5000 PHP which will be used to purchase raw ingredients needed to make products for sale. This loan will be the 1st loan taken out by Nelia from ASKI. She plans to use the additional revenue generated from the business to support members of her immediate family.

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, 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Nelia, Armando Sr., Priscilla, Elvie, Mylene, Jocelyn, Marvie

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Loan details