A loan of $1,175 helped a member to expand several small businesses.

Linda's Group's story

Linda P. lives in the village of San Jose. She is 36 years old and leads an 11-person loan group, nine of whose members we see here, that is affiliated with 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.

Linda is married, has two school-aged children and makes a living by raising livestock. She has been in this line of work for more than five years and makes about 4,000 PHP when she sells one of her animals.

Last year, Linda joined ASKI to gain access to financial services to help improve her life and ability to engage in business. She has successfully repaid a loan of 5,000 PHP from ASKI and is applying for a new one, for 8,000 PHP, to invest in expanding her business. She plans to use the additional revenue made possible by this loan to continue expanding 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 parts of the country. Its clients are mostly of farmers, fishermen and women, 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: Linda, Zenaida, Marites, Wilma, Apolonia, Zozima, Mary Ann, Ronald, Leona, Milagros*, Marilyn*
*not pictured

Loan details

Lenders and lending teams

Loan details