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Nenita
Nenita A. is from the village of Camarag San Isidro. She is 46 years old. Nenita is married and has four school-aged children. To make a living, she plants and harvests rice for sale. She has been engaged in her business for over twenty-two years and earns approximately $810 per harvest.

In 2010, Nenita joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 22,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings and young crops to raise.

Nenita is requesting a new loan of 27,000 PHP which will be used to purchase fertilizer such as manure. This will be her 2nd loan from ASKI. She plans to use the additional revenue generated to improve her business.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 38 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

  • $1175
    Average annual income
  • 290
    View loans »
    Philippines Loans Fundraising
  • $52,099,125
    Funds lent in using Kiva
  • 44.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Nenita to purchase fertilizer such as manure.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 22, 2010
Listed
Jan 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011