A loan of $775 helped to purchase fertilizers, such as manure.

Noli's story

Noli Y. is from the village of Bayabo East. He is 31 years old. Noli is single. To make a living, Noli raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Noli has been engaged in his business for over nine years and earns approximately 45,000 Philippine pesos (PHP) per harvest.

In 2007, Noli joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Noli has successfully repaid a previous loan of 30,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings and young crops to raise.

Noli is requesting a new loan of 35,000 PHP, which will be used to purchase fertilizers, such as manure. This will be the ninth loan taken out by Noli from ASKI. He plans to use the additional revenue generated from the business to improve/expand it.

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.

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