A loan of $1,150 helped a member to purchase additional inventory & working capital.


Concepcion's Group's story

Concepcion G. is from the village of San Luis, Cauayan City, Isabela. She is 43 years old and the group leader of a five-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. Concepcion is married and has four 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 $94 a month for these activities. In 2006, she joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to purchase additional inventory and as working capital. Concepcion is requesting a new loan of 10,000 PHP which again will be used to purchase additional inventory and as working capital. This will be her 2nd loan from ASKI. She plans to use the additional revenue generated to improve her business. 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: Concepcion, Josefina, Novalyn, Marivic, Merlinda
*not pictured



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