A loan of $2,375 helped a member to purchase livestock feed and other supplies.


Nenita's Group's story

Nenita H.'s main source of income comes from raising pigs. She is 43 years old, married and has two school-aged children. They are from the village of Little Tadian. Nenita has been in her business for over three years and earns approximately 5,000 Philippine pesos (PHP) a month.

In 2010, Nenita joined ASKI to gain access to financial services to help improve her living conditions and enable her to engage in business activities. Nenita is requesting a loan of 15,000 PHP which will be used to purchase livestock feed and other supplies. This will be her first loan from ASKI. She plans to use additional income to improve and expand her business.

Nenita is the leader of a seven member group accessing a loan offered by ASKI. 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. The official name of this borrowing group is "Nenita H.'s Group".

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: Nenita, Augusto*, Gosilon, Camilo, Amado, Rufino, Eugine
*not pictured



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