Funded

Total loan: $1,475
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Teresita's Group


A loan of $1,475 helped a member to purchase additional products to sell.


Teresita's Group's story

Teresita A. is from the village of Guayabal, Cauayan City, Isabela. She is 55 years old and the group leader of a ten-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.

Teresita is married and has three adult-aged children. To make a living, she owns and operates a general store, selling both food and daily use products in the local community. She has been engaged in her business for over three years and earns approximately $58 a month for these activities.

In 2011, Teresita 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 7,000 PHP which will be used to purchase additional products to sell. This will be her 1st loan from ASKI. She plans to use the additional revenue generated from the business to supplement her family's income.

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: Teresita, Restituta, Jonalyn, Francisca, Dolores, Helen, Clara, Nora, Dionicia, Gary
*not pictured



Loan details

Loan length:

7 months
Disbursed date: February 9, 2011
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: February 9, 2011
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)