A loan of $1,450 helped a member to purchase raw materials to make additional furniture.

Dominga's Group's story

Dominga B. is from the village of Catabban. She is 45 years old. Dominga is the leader of a six-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. The official name of this borrowing group is Dominga B.'s Group.

Dominga is married and has three school-aged children. To make a living, Dominga owns and operates a furniture-making business. Dominga has been engaged in her business for over 11 years and earns approximately 7,000 PHP a month.

In 2007, Dominga joined ASKI to gain access to financial services to help improve her business and living situation. Dominga has successfully repaid a previous loan of 25,000 PHP from ASKI. This previous loan was used to purchase raw materials to make additional furniture.

Dominga is requesting a new loan of 20,000 PHP, which will be used to purchase raw materials to make additional furniture. This will be the 11th loan taken out by Dominga from ASKI. She plans to use the additional revenue generated from the loan to pay the tuition fees of her children.

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, 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: Dominga, Emma, Marilyn, Anida, Fely, Rayma*
*not pictured

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Loan details