Rowena O. is from the town of Namillangan Ifugao. She is 35 years old. Rowena is the group leader of a 11-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 Rowena O..

Rowena is married and has three school-aged children. Rowena owns and operates a clothing business. The main source of income for the business comes from selling second hand clothes within their village. Rowena has been engaged in her business for over eight years and earns approximately 2500 Philippine pesos (PHP) a month from it.

In 2010, Rowena joined ASKI to gain access to financial services to help improve her living situation and ability to do business. Rowena is requesting a loan of 5,000 PHP which will be used to purchase additional clothes to sell. This loan will be the first loan taken out by Rowena from ASKI. She plans to use the additional revenue generated from the business to improve and expand it.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 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.