Funded

Total loan: $1,625
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A loan of $1,625 helped a member to purchase breeding livestock.


Raquel's Group's story

Raquel B. is from the village of Culalabat, Cauayan City, Isabela. She is 22 years old, married, and has one school-aged child. Raquel is the group leader of a 10-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.

To make a living, Raquel raises livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Raquel has been engaged in her business for over two years and earns approximately 3,000 PHP every four months.

In 2009, Raquel joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Raquel has successfully repaid a previous loan of 6,000 PHP from ASKI. The previous loan was used to purchase livestock feed and other supplies. Raquel is requesting a new loan of 8,000 PHP, which will be used to purchase breeding livestock. This loan will be Raquel's fourth loan from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

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, fisherpeople, 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: Raquel, Jolan, Erlinda, Thelma, Carlota, Flordeliza, Percival, Sonny, Romeo, Zelybel
*not pictured



Loan details

Loan length:

8 months
Disbursed date: October 28, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: October 28, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)