Funded

Total loan: $1,025
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Estilita's Group


A loan of $1,025 helped a member to purchase additional inventory & working capital.


Estilita's Group's story

Estilita V. is from the village of Villa Luna,Cauayan City, Isabela. She is 44 years old. Estilita is the group leader of a 5-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.

Estilita is married and has 3 adult-aged children. To make a living, Estilita owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food & daily use products in the local community. Estilita has been engaged in her business for over 20 years and earns approximately 5000 PHP a month for these activities.

In 2009, Estilita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Estilita has successfully repaid a previous loan of 8000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Estilita is requesting a new loan of 12000 PHP which will be used to purchase additional inventory & working capital. This loan will be the 3rd loan taken out by Estilita from ASKI. She plans to use the additional revenue generated from the business to improve/expand the borrower's 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 of 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: Estilita, Nida, Maria, Mylene, Felicitas
*not pictured



Loan details

Loan length:

7 months
Disbursed date: September 17, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: September 17, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)