A loan of $1,400 helped a member to purchase breeding livestock.

Arceli's Group's story

Arceli B. is from the village of Cabisera 25, Ilagan, Isabela. She is 46 years old. Arceli is the group leader of a 8-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 Arceli B..

Arceli is married and has 3 school-aged children. To make a living, Arceli owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Arceli has been engaged in her business for over 15 years and earns approximately 3000 PHP a month for these activities.

In 2007, Arceli joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Arceli has successfully repaid a previous loan of 15,000 PHP from ASKI. This previous loan was used to purchase baby livestock to raise & sell in the future. Arceli is requesting a new loan of 5000 PHP, which will be used to purchase breeding livestock. This loan will be the 7th loan taken out by Arceli from ASKI. She plans to use the additional revenue generated from the business 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 of 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: Arceli, Carlina, Zenaida, Anastacia, Milagros, Jovelyn, Carmelita, Teresita

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