A loan of $1,400 helped a member to purchase new items to expand product offering.

Luisa's Group's story

Luisa A. is from the village of Cabisera 17-21, Ilagan, Isabela. She is 46 years old. Luisa 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.

Luisa is married and has two adult children. To make a living, Luisa owns & operates a general store. While not the only means for generating revenue, the main source of income for the business comes from selling a variety of different products in the local community. Luisa has been engaged in her business for over 3 years and earns approximately 3,000 PHP a month for these activities.

In 2009, Luisa joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Luisa has successfully repaid a previous loan of 8,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Luisa is requesting a new loan of 11,000 PHP which will be used to purchase new items to expand product offering. This will be the 5th loan taken out by Luisa 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: Luisa, Josephine, Gloria*, Lelita, Josie, Anita
*not pictured

Loan details

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Loan details