Arnel D. is from Barangay Quezon, Solano, Nueva Vizcaya. He is 45 years old, is married, and has three school-aged children.
Arnel owns and operates a business planting and harvesting rice for sale. He has been engaged in his business for over ten years and earns approximately 45,000 PHP per harvest.
In 2009, Arnel joined ASKI to gain access to financial services to help improve his living situation and his ability to engage in business activities. He has successfully repaid a previous loan of 25,000 PHP from ASKI. This previous loan was used to purchase fertilizer such as manure.
Arnel is requesting a new loan of 35,000 PHP which will be used to pay for services to increase his crop yield. This loan will be his second from ASKI. He plans to use the additional revenue generated from the business to improve and expand his business.
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.
About Alalay sa Kaunlaran, Inc.
This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.