Josefa A. is from the village of Malamag West, Tumauini, Isabela. She is 36 years old. Josefa is the group leader of a 14-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 'Josefa A.'.

Josefa is married and has 4 school-aged children. To make a living, Josefa owns & operates a general store. The main source of income for the business comes from selling a variety of different products in the local community. Josefa has been engaged in her business for over 5 years and earns approximately 8000 PHP a month for these activities.

In 2005, Josefa joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Josefa has successfully repaid a previous loan of 20,000 PHP from ASKI. This previous loan was used to purchase additional products to sell. Josefa is requesting a new loan of 25,000 PHP which will be used to purchase additional products to sell. This will be the eighth loan taken out by Josefa 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 micro-finance institutions in the Philippines. It has 25 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.