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Emelson
Emelson P. is from the village of Nabbotuan, Solana, Cagayan. He is 34 years old. Emelson is married and has 3 school-aged children. To make a living, Emelson raises crops primarily planting and harvesting rice for sale. Emelson has been engaged in his business for over 20 years and earns approximately 10000 PHP a month for these activities.

In 2007, Emelson joined ASKI to gain access to financial services to help improve his living situation and his ability to engage in business activities. Emelson has successfully repaid a previous loan of 25,000 PHP from ASKI. Emelson is requesting a new loan of 30000 PHP which will be used to purchase fertilizers such as manure and for the preparation of land. This will be the 5th loan taken out by Emelson from ASKI. He plans to use the additional revenue generated from the business to improve and expand his business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 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.

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
  • 1073
    View loans »
    Philippines Loans Fundraising
  • $57,661,375
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Emelson to purchase fertilizers such as manure and for the preparation of land.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 11, 2010
Listed
Nov 11, 2010
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2011