A loan of $2,025 helped a member to purchase livestock feed & other supplies.

Mary Jane's Group's story

Mary Jane M. is from the village of Holy Friday. She is 25 years old and the group leader of an eleven-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 Mary Jane M.'s Group.

Mary Jane is married and has one infant-aged child. To make a living, she owns and operates a business venture in the agriculture sector raising livestock. She raises pigs for fattening and sale. She has been engaged in her business for over three years and earns approximately $46 a month for these activities.

In 2011, Mary Jane joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She is requesting a loan of 10,000 PHP which will be used to purchase livestock feed and other supplies. This will be her 1st loan from ASKI. She plans to save the additional revenue generated from the business to pay future tuition fees for her child.

About ASKI:

ASKI is one of the most successful micro-finance 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: Mary Jane, Emma, Belen, Frevilyn, Dante, Cresencia, Loreta, Efren*, Vencio, Eleonor, Norma

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