A loan of $1,625 helped a member to purchase new items to expand the product offering.

Benita's Group's story

Benita P. is from the village of Talaytay, Ilagan, Isabela. She is 36 years old. Benita is 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 Benita P. Group.

Benita is married and has 3 school-aged children. She owns & operates a general store where she sells a variety of products. She has been engaged in her business for over 2 years and earns approximately 5,000 PHP a month.

In 2008, Benita joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. She is requesting a new loan of 15,000 PHP which will be used to purchase new items to expand the product offering. This will be her 7th loan from ASKI. She plans to use the additional revenue generated to improve and 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, fishermen 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: Benita, Lucita, Emma, Gloria*, Emily, Emilia, Virgielyn, Milagros, Estelita
*not pictured

Loan details

Lenders and lending teams

Loan details