A loan of $1,775 helped a member to purchase additional cooking ingredients.

Rosalina Frilles' Group's story

Rosalina F., from the village of Santa Tumauini, Isabela, is the 59-year-old leader of a 10-member group loan offered by ASKI. While each group member receives an individual loan, they are collectively responsible for paying back the loans of their fellow members if someone is delinquent or defaults. The official name of this borrowing group is Rosalina F.' Group.

Rosalina, who is married and has three grown children, owns and operates a bakery selling bread to the local community. Engaged in her business for over three years, she earns approximately 5000 PHP a month.

In 2004, Rosalina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid a previous loan of 10,000 PHP from ASKI that was used to purchase additional cooking ingredients, she is requesting her 12th loan of 15000 PHP for the same purpose. Rosalina plans to use the additional revenue generated from the business to improve/expand her bakery.

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, 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: Rosalina, Maricel, Rosalina, Melito, Helen, Susan, Florencio, Juan, Julie, Clarita

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