A loan of $2,525 helped a member to purchase additional fabrics and materials.

Adelaida's Group's story

Adelaida M. is from the village of Sandiat West. She is 57 years old. Adelaida is the group leader of a 11-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 Adelaida M..

Adelaida is married and has seven adult children. To make a living, Adelaida owns and operates a tailoring business. Adelaida has been engaged in her business for over 15 years and earns approximately 5,000 PHP a month.

In 2006, Adelaida joined ASKI to gain access to financial services to help improve her business and living situation. Adelaida has successfully repaid a previous loan of 38,000 PHP from ASKI. This previous loan was used to purchase additional tailoring equipment such as cloth, needles and threads.

Adelaida is requesting a new loan of 15,000 PHP, which will be used to purchase additional fabrics and materials. This will be the 12th loan taken out by Adelaida 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: Adelaida, Lilia, Jinky, Antonio*, Samson, Josephine, Elvira, Violeta, Marissa, Lorenza, Erlinda
*not pictured

Loan details

Lenders and lending teams

Loan details