A loan of $1,325 helped a member to purchase livestock feed & other supplies.


Marcelina's Group's story

Marcelina B. is from the village of Cutog GranD., Reina Mercedes, Isabela. She is 41 years old. Marcelina is the group leader of a 6-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.

Marcelina is married and has one school-aged child. To make a living, Marcelina 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. Marcelina has been engaged in her business for over 38 years and earns approximately 6000 PHP every three months.

In 2010, Marcelina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marcelina has successfully repaid a previous loan of 7000 PHP from ASKI. This previous loan was used to to purchase livestock feed & other supplies. Marcelina is requesting a new loan of 10,000 PHP which will be used to purchase livestock feed & other supplies. This is the 3rd loan taken out by Marcelina from ASKI. She plans to use the additional revenue generated from the business 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, 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: Marcelina, Elsa, Frelly, Virginia, Edeline, Judith



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