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Daisy's Group
In this Group: Daisy, Editha, Nenita, Ceferina, Leonida, Carmelina, Gloria, Angelita, Erlinda, Heherson, Marcelo*, Mercedita, Raquel
* not pictured
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.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 406
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Daisy's Group's $3,475 loan helped a member for working capital and to purchase additional inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 18, 2011
Mar 1, 2011
Currency Exchange Loss:
Aug 16, 2011