A loan of $2,950 helped a member to purchase feed and other supplies.

Rodolfo's Group's story

Rodolfo T. is from the village of Nagbukel, San Isidro. He is 47 years old and the group leader of a 9-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. The official name of this borrowing group is Rodolfo T. group.

Rodolfo is married and has 4 school-aged children. He owns and operates a business raising livestock, primarily pigs, for fattening and sale. Rodolfo has been engaged in his business for over 5 years and earns approximately 4,500 PHP when he sells one of his raised animals.

In 2009, Rodolfo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Rodolfo has successfully repaid a previous loan of 10,000 PHP from ASKI, which was used to purchase livestock feed and other supplies. Rodolfo is requesting a new loan of 10,000 PHP which will again be used to purchase feed and other supplies. This will be the 5th loan taken out by Rodolfo 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 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: Rodolfo, Amelia, Diomedes, Gloria, Dalisay, Teresita, Estrellita, Anita, Renato

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