A loan of $2,900 helped a member to purchase livestock feed & other supplies.

Consuelo's Group's story

Consuelo S. is from the village of Linglingay, Cauayan City, Isabela. She is 46 years old. Consuelo is the group leader of a 21-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.

Consuelo is married. To make a living, Consuelo owns & operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for fattening and sale. Consuelo has been engaged in her business for over 5 years and earns approximately 4000 PHP every three months.

In 2011, Consuelo joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Consuelo is requesting a loan of 6000 PHP, which will be used to purchase livestock feed and other supplies. This loan will be her 1st loan from ASKI. She plans to use the additional revenue generated to improve/expand her business.

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: Consuelo, Avelina, Josefina, Gina, Vilmalyn, Adelia, Cristina, Rafael, Rosemarie, Divina, Catherine, Leticia, Marvin, Evelyn, Emelda, Norma, Ofelia, Villalita, Sheryl, Marites, Geronimo

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