A loan of $675 helped a member to repair an existing vehicle to provide better service.

Emelita's Group's story

Emelita M. is from the village of Enrile. She is 29 years old. Emelita 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. The official name of this borrowing group is Emelita M..

Emelita is married and has 1 infant-aged child. To make a living, Emelita owns & operates a business venture in the transportation sector providing motorcycle transport services. While not the only means for generating revenue, the main source of income for the business comes primarily from operating a tricycle transport service. Emelita has been engaged in her business for over 1 year and earns approximately 3000 PHP a month for these activities.

In 2010, Emelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emelita is requesting a new loan of 5000 PHP which will be used to repair an existing vehicle for better service. This loan will be the 1st loan taken out by Emelita from ASKI. She plans to use the additional revenue generated from the business to improve/expand the 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, 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: Emelita, Maricel, Andrea, Leonita, Shirley, Rowena, Gay Alilie*

Loan details

Lenders and lending teams

Loan details