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Oliver G. is 56 years old, married and has five adult-aged children. He is from the village of Villa Victoria in Echague barangay, a part of Isabela province on the Luzon islands. Oliver is a farmer who plants and harvests rice for sale. Oliver has been in business for over thirty years and earns approximately 25,000 PHP every harvest season.

In 2010, Oliver joined ASKI to gain access to its financial services. He is requesting a new loan, his second from ASKI, of 15,000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. He plans to use the additional revenue generated to improve his farm.

About ASKI:

Alalay sa Kaunlaran, Inc., or 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 farmers, fishermen and -women, 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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
  • 1005
    View loans »
    Philippines Loans Fundraising
  • $63,421,500
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Oliver to purchase additional seeds, seedlings and young crops.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Feb 18, 2011
Mar 18, 2011
Currency Exchange Loss:
Sep 15, 2011