A loan of $2,550 helped a member to purchase additional products to sell.

Analiza's Group's story

Analiza B. is from the village of San Francisco, Cauayan City, Isabela. She is 33 years old. Analiza is the group leader of an 11-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. Analiza is married and has three school-age children.

To make a living, Analiza owns and operates a business venture making and selling food. The main source of income for the business comes from making "puto" (rice cakes) and other delicacies for sale. Analiza has been engaged in her business for over three years and earns approximately 5,000 PHP a month for these activities.

In 2008, Analiza joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Analiza has successfully repaid a previous loan of 13,000 PHP from ASKI. This previous loan was used to purchase additional ingredients to make more products for sale. Analiza is requesting a new loan of 18,000 PHP, which will be used to purchase additional products to sell. This loan will be the eighth loan taken out by Analiza from ASKI. She plans to use the additional revenue generated from the business to improve and expand it.

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 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: Analiza, Barbara, Rowena, Zenaida, Felilia, Armando, Genedina, Erlinda, Madelyn, Terisita, Imelda

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