Jennifer F. is from the village of Alinam, Cauayan City, Isabela. She is 40 years old and is the group leader of a five-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.

Jennifer is married and has four school-aged children. She owns and operates a general store, selling both food and daily-use products in the local community. She has been engaged in her business for over six years and earns approximately 3,500 PHP a month.

In 2009, Jennifer joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She is requesting a new loan of 7,000 PHP which will be used to purchase additional products to sell. This loan will be her second from ASKI.

Jennifer plans to use the additional revenue generated from the business to pay her children’s tuition fees.


About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has twenty-one 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.