A loan of $2,475 helped a member to purchase breeding livestock.

Angelita's Group's story

Angelita M. is from the village of Disimuray, Cauayan City, Isabela. She is 54 years old. Angelita is the group leader of a 9-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.

Angelita is married and has 4 adult children. To make a living, Angelita owns & operates a business raising livestock. While not the only means for generating revenue, the main source of income for her business comes from raising pigs for fattening and sale. Angelita has been engaged in this business for over 2 years and earns approximately 4000 PHP when she sells one of the raised animals.

In 2009, Angelita 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 7000 PHP from ASKI. This previous loan was used to purchase breeding livestock. Angelita is requesting a new loan of 15000 PHP, which will be used to purchase more breeding livestock. This will be her 4th 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 microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly of 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: Angelita, Juliana, Eduardo, Reymondo, Marivic, Precy, Gerry, Imelda, Marivic

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