Total loan: $400
Mangcuram, Ilagan, Isabela, Cagayan Valley, Philippines / Agriculture
Flag of Philippines
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A loan helped To purchase fertilizers such as manure.
Marlon B. is from the village of Mangcuram. He is 35 years old. Marlon is married and has two school-aged children. To make a living, Marlon owns and operates a business growing crops, specifically, planting and harvesting rice for sale. Marlon has been in business for over 13 years and earns approximately 8,000 PHP a month. In 2010, Marlon joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Marlon has successfully repaid a previous loan of 15,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings and young crops. Marlon is requesting a new loan of 18,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the second loan taken out by Marlon from ASKI. He plans to use the additional revenue generated from the business to improve/expand his business. About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 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.