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A loan of $3,275 helped a member to purchase additional seeds, seedlings and young crops to raise.

Gloria's Group's story

Gloria D. is from the village of Estrella, San Guillermo, Isabela. She is 41 years old and the group leader of 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.

Gloria is married and has 4 school-aged children. She owns and operates a farming business, planting and harvesting a variety of vegetables for sale. Gloria has been engaged in her business for over 10 years and earns approximately 4,000 PHP a month from it.

In 2009, Gloria joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Gloria has successfully repaid a previous loan of 5,000 PHP from ASKI, which was used to purchase additional seeds, seedlings and young crops to raise. Gloria is requesting a new loan of 8,000 PHP which will again be used to purchase additional seeds, seedlings and young crops to raise. This will be the 4th loan taken out by Gloria 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 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: Gloria, Gloria, Emma, Lenie, Mary Ann, Michelle, Mely, Marilou, Liezel, Helen, Daisy, Maribel, Jovelyn

Loan details

Lenders and lending teams

Loan details