A loan of $1,675 helped a member purchase hog feed and other supplies.

Erlinda's Group's story

Erlinda V. is from the village of F., Ilagan, Isabela. She is 49 years old. Erlinda 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.

Erlinda is married and has 10 school-aged children. To make a living, Erlinda owns and 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. Erlinda has been engaged in her business for over 3 years and earns approximately 4000 PHP a month from these activities.

In 2010, Erlinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 7,000 PHP from ASKI. This previous loan was used to purchase baby livestock to raise and sell in the future.

Erlinda is requesting a new loan of 9000 PHP, which will be used to purchase hog feed and other supplies. This will be her 3rd loan from ASKI. She plans to use the additional revenue generated from the business to make improvements to her house.

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: Erlinda, Erlinda, Adoracion, Reylinda, Marciana, Marissa, Teresita, Efelia, Rebelyn*
*not pictured

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