A loan of $2,800 helped a member to purchase livestock feed & other supplies.

Angelita's Group's story

Angelita N. is from the village of San Juan, Alicia, Isabela. She is 45 years old. Angelita is the group leader of a 14-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.

Angelita is married and has 5 school-aged children. To make a living, Angelita owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for breeding. Angelita has been engaged in her business for over 5 years and earns approximately 3000 PHP monthly for these activities.

In 2007, Angelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Angelita has successfully repaid a previous loan of 15000 PHP from ASKI. This previous loan was used to purchase breeding livestock. Angelita is requesting a new loan of 5000 PHP which will be used to purchase livestock feed & other supplies. This loan will be the 6th loan taken out by Angelita from ASKI. She plans to use the additional revenue generated from the business to supplement the family's income.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 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: Angelita, Norlinda, Cecilia, Roger, Joe, Abdon, Aida, Vilma, Elizabeth, Learnie, Lourdes, Babylyn, Luz, Beatriz

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