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Segundina
Segundina E. is from the village of Dalig Viejo. She is 60 years old. Segundina is widowed and has 5 adult children. To make a living, Segundina owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes from planting, harvesting, and selling fruits and vegetables, such as onions. Segundina has been engaged in her business for over 12 years and earns approximately 8000 PHP a month for these activities.

In 2006, Segundina joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Segundina has successfully repaid a previous loan from ASKI. This previous loan was used to pay for services to increase crop yield. Segundina is requesting a new loan of 30000 PHP, which will be used to purchase additional seeds, seedlings & young crops to raise. This loan will be her 12th loan from ASKI. She plans to use the additional revenue generated from the business to improve/expand her 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

  • $1175
    Average annual income
  • 377
    View loans »
    Philippines Loans Fundraising
  • $50,935,875
    Funds lent in using Kiva
  • 44.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Segundina to purchase seeds, seedlings & young crops to raise.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2010
Listed
Jan 12, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 18, 2011