A loan of $1,875 helped a member to purchase additional inventory and for working capital.


Virgo Jay's Group's story

Virgo Jay D. is from the village of De Vera, Cauayan City. Isabela. He is 33 years old. Virgo Jay is the group leader of a seven-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.

Virgo Jay is married and has three school-aged children. To make a living, Virgo Jay owns and operates a business running a general store. While not the only means for generating revenue, the main source of income for the business comes primarily from selling both food and daily use products in the local community. Virgo Jay has been engaged in his business for more than four years and earns approximately 3,500 PHP a month for these activities.

In 2010, Virgo Jay joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Virgo Jay has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Virgo Jay is requesting a new loan of 13,000 PHP which will be used to purchase additional inventory and for working capital. This loan will be the third loan taken out by Virgo Jay from ASKI. He plans to use the additional revenue generated from the business to improve/expand his 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.

In this group: Virgo Jay, Mayeth, Mauricia, Norma, Teresa, Josie, Mercedes
*not pictured



Loan details


Lenders and lending teams



Loan details