A loan of $3,475 helped a member for working capital and to purchase additional inventory.

Daisy's Group's story

Daisy G. is from the village of Del C., Cabatuan, Isabela, Phillipines. She is 36 years old. Daisy is the group leader for a 13-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.

Daisy is married and has school-aged children. To make a living, Daisy owns and operates a specialized retail store. While not the only means for generating revenue, the main source of income for the business comes from selling vegetables in the local community. Daisy has been engaged in her business for over 10 years and earns approximately 6500 PHP a month from these activities.

In 2008, Daisy joined ASKI to gain access to financial services to help improve her living situation and business potential. Daisy has successfully repaid a previous loan of 14000 PHP from ASKI, which was used to purchase additional products to sell. Daisy is requesting a new loan of 17000 PHP which will be used as working capital and to purchase additional inventory. This loan will be the 7th loan taken out by Daisy from ASKI. She plans to use the additional revenue generated to improve/expand her 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: Daisy, Editha, Nenita, Ceferina, Leonida, Carmelina, Gloria, Angelita, Erlinda, Heherson, Marcelo*, Mercedita, Raquel
*not pictured

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Loan details