A loan of $675 helped to purchase fertilizers such as manure.

Milagros's story

Milagros P. is from the village of Bayabo East. She is 47 years old, married and has 2 school-aged children. Milagros owns & operates an agricultural business, planting and harvesting rice for sale. She has been engaged in her business for over 20 years and earns approximately 40,000 PHP during the harvest season.

In 2007, Milagros joined ASKI to gain access to financial services to help improve her living situation and her ability to engage in business activities. She has successfully repaid a previous loan of 25,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings & young crops to raise. She is requesting a new loan of 30,000 PHP which will be used to purchase fertilizers such as manure. This will be the seventh loan taken out by Milagros from ASKI. She plans to use the additional revenue generated to improve and expand her 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.

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