A loan of $650 helped to pay for services to increase crop yield.

Wilma's story

Wilma S. is from the village of Brgy. La Torre North, Bayombong, Neuva Vizcaya. She is 54 years old, married, and has five adult-aged children. To make a living, Wilma owns and operates a business venture in the agriculture sector raising crops. The main source of income for the business comes from planting and harvesting rice for sale. Wilma has been engaged in her business for over ten years and earns approximately 40,000 PHP every cropping season.

In 2007, Wilma joined Kiva partner, ASKI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 28,000 PHP from ASKI. This loan was used to purchase fertilizers such as manure. Wilma is requesting a new loan of 29,000 PHP, which will be used to pay for services to increase crop yield. This loan will be her sixth from ASKI. She plans to use the additional revenue generated from the business to make improvements to her house.

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, fisherfolk 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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