Danilo D. C., Sr. is from the village of Saranay, Cabatuan, Isabela. He is 62 years old. Danilo is married and has three school-aged children. To make a living, Danilo owns and operates a fishing business, raising tilapia and selling it to the market and to community members. Danilo has been engaged in his business for more than 13 years and earns approximately 7000 PHP a month.
In 2007, Danilo joined ASKI to gain access to financial services to help improve his business and living situation. Danilo has successfully repaid a previous loan from ASKI. This previous loan was used to purchase additional fish to sell. Danilo is requesting a new loan of 20000 PHP, which will be used to purchase additional fish to sell. This will be the eighth loan taken by Danilo from ASKI. He plans to use the additional revenue generated from the business to supplement his family's income.
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, 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.