A loan of $1,000 helped a member to purchase additional inventory and use as working capital.

Virginia's Group's story

Virginia D., from the village of Calaocan, Cabatuan, Isabela, is the 39-year-old group leader of a seven-member group loan offered by ASKI. While each member of the group receives an individual loan, they are all responsible for paying back the loans of their fellow members if someone is delinquent or defaults.

A married mother of three school-aged children, Virginia owns and operates a service-based business providing manicure and pedicure services in the local community. Engaged in her business for over 29 years, she earns approximately 2000 PHP a month.

In 2008, Virginia joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid her previous loan of 5000 PHP from ASKI that was used to purchase materials needed to provide service, she is now requesting her second loan for 6000 PHP to purchase additional inventory and use as working capital. Virginia 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: Virginia, Victoria, Crisanta, Maribel, Marlyn, Thelma, Lydia
*not pictured

Loan details

Lenders and lending teams

Loan details