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Efren G. lives in the village of Sta. Isabel Norte, Ilagan. He is 48 years old, married and has one school-aged child. For the last 27 years, he has made a living as a rice farmer, and earns about 40,000 PHP per crop for his work.

Earlier this year, Efren joined ASKI to gain access to financial services to help improve his life and ability to engage in business. He is applying for his first loan, for 9,000 PHP, to buy fertilizer. He plans to use the additional revenue generated from the business to improve and expand his farm.

About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern parts of the country. Its clients are mostly of farmers, fishermen 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

Additional Information

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.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 744
    View loans »
    Philippines Loans Fundraising
  • $63,295,350
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Efren to buy fertilizer for a farm.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jul 27, 2010
Aug 16, 2010
Currency Exchange Loss:
Jan 15, 2011