Total loan: $225
Manaoag, Ilagan, Isabela, Cagayan Valley, Philippines / Agriculture
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Freddie's loan finished fundraising,
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A loan helped To purchase additional seeds, seedlings and young plants to raise.
Freddie C.'s main source of income comes from planting and harvesting rice for sale. He is 40 years old, married and has two school-age children. They are from the village of Manaoag. Freddie has been in his business for over ten years and earns approximately 5,000 Philippine pesos (PHP) a month. In 2010, Freddie joined ASKI to gain access to financial services to help improve his living conditions and enable him to engage in business activities. He is requesting a new loan of 10,000 PHP which will be used to purchase additional seeds, seedlings and young plants to raise. This will be his eighth loan from ASKI. He plans to use the additional revenue to improve and 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 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.