A loan of $2,825 helped a member to purchase additional products to sell.

Donna's Group's story

Donna B. is from the village of Diamantina, Cabatuan, Isabela. She is 42 years old. Donna 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.

Donna is married and has two school-aged children. To make a living, Donna runs a general store. The main source of income for the business comes from selling both food and daily-use products in the local community. Donna has been engaged in her business for over 16 years and earns approximately 7,000 Philippine pesos (PHP) a month from it.

In 2007, Donna joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Donna has successfully repaid a previous loan of 11,000 PHP from ASKI. This previous loan was used to purchase additional inventory and as working capital.

Donna is requesting a new loan of 15,000 PHP, which will be used to purchase additional products to sell. This will be the fourth loan taken out by Donna from ASKI. She plans to use the additional revenue generated from the business to improve/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 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: Donna, Mercy, Avelina, Minerva, Virginia, Julieta, Corazon, Maricel, Marifel, Juliana

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