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Myrna P., from the village of Bolinao, is 48 years old, married, and has three school-aged children. To make a living, for over 20 years Myrna has been planting and harvesting a variety of vegetables for sale, earning approximately 4000 PHP a month.

In 2008, Myrna joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid a previous loan of 8,000 PHP from ASKI that was used to purchase fertilizers such as manure, she is now requesting her fifth loan of 10000 PHP to pay for services to increase crop yield. Myrna plans to use the additional revenue generated from the business to pay the tuition fees of her children.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines, with 29 branches covering the Central and Northeastern areas. Its clients are mostly 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.

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
  • 758
    View loans »
    Philippines Loans Fundraising
  • $63,325,000
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Myrna to pay for services to increase crop yield.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 8, 2010
Oct 8, 2010
Currency Exchange Loss:
Mar 24, 2011