Erlinda G. is from the village of Sinamar. She is 58 years old and single. Erlinda owns and operates a corn farm. Erlinda has been engaged in her business for over 25 years and earns approximately 15,000 Philippine pesos (PHP) a month from it.
In 2008, Erlinda joined ASKI to gain access to financial services to help improve her living situation and ability to do business. She has successfully repaid her last loan from ASKI, which was for 35,000 PHP and was used purchase additional seeds, seedlings, & young crops to raise.
This loan will be her eighth from ASKI. Erlinda is requesting a new loan of 50,000 PHP which will be used to to purchase fertilizers such as manure. She plans to use the additional revenue generated from the business to financially support extended members of her family.
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, fisher-folk 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.