A loan of $200 helped to buy fertilizer for a farm.

Efren's story

Efren G. lives in the village of Sta. Isabel Norte, Ilagan. He is 48 years old, married and has one school-aged child. For the last 27 years, he has made a living as a rice farmer, and earns about 40,000 PHP per crop for his work.

Earlier this year, Efren joined ASKI to gain access to financial services to help improve his life and ability to engage in business. He is applying for his first loan, for 9,000 PHP, to buy fertilizer. He plans to use the additional revenue generated from the business to improve and expand his farm.

About ASKI:
ASKI is one of the most successful microfinance institutions in the Philippines. It has 29 branches covering the Central and Northeastern parts of the country. Its clients are mostly of farmers, fishermen 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 Partners to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

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