A loan of $450 helped to purchase fertilizers such as manure.

Marilyn's story

Marilyn G. is from the village of Parog Parog, Solana, Cagayan. She is 32 years old. Marilyn is married and has two infant children. To make a living, Marilyn owns & operates a business venture in the agriculture sector raising crops. The main source of income for the business comes primarily from planting and harvesting rice for sale. Marilyn has been engaged in her business for over 10 years and earns approximately 6,000 PHP a month for these activities.

In 2009, Marilyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Marilyn has successfully repaid a previous loan of 17,000 PHP from ASKI. Marilyn is requesting a new loan of 20,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the fifth loan taken out by Marilyn 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 25 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.

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