A loan of $1,750 helped a member to purchase additional products to sell.

Emelita's Group's story

Emelita B. is from the village of San Luis, Cauayan City, Isabela. She is 43 years old. Emelita is the group leader of a 8-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.

Emelita is married and has three adult children. To make a living, Emelita owns & operates a business venture in the retail sector running a general store. While not the only means for generating revenue, the main source of income for the business comes from selling both food & daily use products in the local community. Emelita has been engaged in her business for over 8 years and earns approximately 6000 PHP a month for these activities.

In 2007, Emelita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Emelita has successfully repaid a previous loan of 8000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Emelita is requesting a new loan of 15,000 PHP which will be used to purchase additional products to sell. This will be the 4th loan taken out by Emelita from ASKI. She plans to use the additional revenue generated from the business to supplement the 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, 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: Emelita, Alinia, Erna, Visitacion, Janeth, Federica, Emely, Marta

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