A loan of $2,100 helped a member to purchase more groceries to sell.

Adelanta's Group's story

Adelanta C. is from the village of Research Minante 1, Cauayan City, Isabela. She is 59 years old. Adelanta 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.

Adelanta is married and has 5 adult children. To make a living, Adelanta owns & operates a general store selling food & daily use products in the local community. Adelanta has been engaged in her business for over 5 years and earns approximately 19000 PHP a month from these activities.

In 2006, Adelanta joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Adelanta has successfully repaid a previous loan of 30000 PHP from ASKI. This previous loan was used to purchase additional groceries to sell.

Adelanta is requesting a new loan of 40000 PHP to purchase more groceries inventory to sell. This will be her 11th loan from ASKI. She plans to use the additional revenue generated 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, 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: Adelanta, Bienvenida, Learnie, Elvita, Wilma, Jovita

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