A loan of $1,550 helped a member to purchase additional inventory and provide.

Imelda Yadao's Group's story

Imelda Y. is 49 years old and the leader of “Imelda Y.’s Group” a 10-member loan group from ASKI. She is from the village of Simmimbaan. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults.

Imelda is married and has a school-aged child. To make a living, Imelda owns and operates a business making and selling food. Her main source of income comes primarily from preparing and selling cooked food for daily meals. Imelda has been engaged in her business for over five years and earns approximately 4,000 PHP a month.

Imelda joined ASKI in 2006 to gain access to financial services to help improve her living situation and ability to engage in business activities. Imelda has successfully repaid a previous loan of 10,000 PHP from ASKI that was used to purchase additional inventory and use as working capital. Imelda is requesting a new loan of 8,000 PHP to purchase additional inventory and provide working capital. This will be the tenth loan taken out by Imelda from ASKI. She plans to use the additional revenue generated from her business to pay tuition fees of for her child.

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, 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: Imelda, Neolita, Rebecca, Modesta, Zenaida, Noemi, Gemarose, Gigi, Jonalyn, Dan Dan

Loan details

Lenders and lending teams

Loan details