A loan of $900 helped a member to purchase additional products to sell.

Hilaria's Group's story

Hilaria R. is from the village of Lingu. She is 47 years old. Hilaria is the group leader of a nine-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 Hilaria R..

Hilaria is married and has three school-aged children. To make a living, she prepares and sells cooked food for daily meals. She has been engaged in her business for over thirty years and earns approximately $92 a month for these activities.

In 2010, Hilaria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be her 1st loan from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolk 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: Hilaria, Nora, Narcisa, Leonita, Merlita, Ruben, Santiago, Cristeta, Vilma

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