A loan of $1,050 helped a member to purchase hog feed and other supplies.

Delia's Group's story

Delia A. is from the village of Furao Gamu, Ilagan, Isabela. She is 48 years old. Delia is the leader of a four-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 Delia A..

Delia is married and has two school-aged children. To make a living, Delia raises livestock, primarily pigs, for breeding. Delia has been engaged in her business for over two years and earns approximately 5,000 PHP a month.

In 2007, Delia joined ASKI to gain access to financial services to help improve her business and living situation. Delia has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase baby livestock to raise and sell in the future.

Delia is requesting a new loan of 13,000 PHP, which will be used to purchase hog feed and other supplies. This will be the fourth loan taken out by Delia from ASKI. She plans to use the additional revenue generated from the loan 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, fisherfolk 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: Delia, Aida, Grace, Norma

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