A loan of $1,350 helped a member to purchase new items to expand product offering.

Mary Jane's Group's story

Mary Jane F. is from the village of Barangay Palabotan, Dupax del Sur, Nueva Vizcaya. She is 32 years old. Mary Jane is the group leader of a 7-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.

Mary Jane is married and has 3 school-aged children. To make a living, Mary Jane owns & operates a general store, selling daily use products such as shampoo, soap & toothpaste in the local community. Mary Jane has been engaged in her business for over 5 years and earns approximately 5,000 PHP a month for these activities.

In 2010, Mary Jane joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. Mary Jane has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Mary Jane is requesting a new loan of 10000 PHP which will be used to purchase new items to expand the product offering. This will be the 3rd loan taken out by Mary Jane from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members 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 of 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: Mary Jane, Liezel, Beverly, Fredelyn, Ellen Grace, Brenda, Myrna

Loan details

Lenders and lending teams

Loan details