A loan of $1,550 helped a member to expand her product offering.

Rosalina's Group's story

Rosalina W. is from the village of Brgy. Ibung, Villaverde, Nueva Vizcaya. She is 55 years old. Rosalina is the group leader of a eight-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.

Rosalina is married and has four school-aged children. To make a living, she owns and operates a general store. Rosalina has been engaged in her business for more than eight years and earns approximately 4,000 PHP a month for these activities.

In 2010, Rosalina joined ASKI to gain access to financial services to help improve her business and living situation. She has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase additional products to sell.

Rosalina is requesting a new loan of 8,000 PHP, which will be used to purchase new items to expand her product offering. This will be the second loan taken out by Rosalina from ASKI. She plans to use the additional revenue generated from the loan to improve the general living conditions of her family.

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, 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: Rosalina, Elizabeth, Elizabeth, Skylane Jean, Venancio, Alicia, Nelanie, Rosalinda

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