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Remedios P. is from the village of Rizal. She is 50 years old and is married with seven adult children.

Remedios owns and operates a business planting and harvesting rice for sale. She has been engaged in her business for over seven years and earns approximately 10,000 PHP a month from this activity.

In 2007, Remedios joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 20,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings and young crops to raise.

Remedios is requesting a new loan of 23,000 PHP which will be used to purchase fertilizer such as manure. This loan will be her 8th from ASKI. She plans to use the additional revenue generated from the business to improve and expand her business.

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, fisherfolk and small-business 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.

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
  • 1041
    View loans »
    Philippines Loans Fundraising
  • $63,517,800
    Funds lent in using Kiva
  • 45.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Remedios to purchase fertilizer such as manure.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
At end of term
Aug 3, 2010
Sep 7, 2010
Currency Exchange Loss:
Jan 15, 2011