A loan of $225 helped to purchase additional seeds, seedlings, and young crops to raise.

Ronilo's story

Ronilo M. is from the village of Santa Isabel Norte, Ilagan. He is 44 years old. Ronilo is married and has 4 school-age children. To make a living, Ronilo owns and operates a business raising crops. The main source of income for the business comes from planting and harvesting rice to sell. Ronilo has been engaged in his business for over 25 years and earns approximately 40,000 PHP per harvest for these activities.

In 2010, Ronilo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Ronilo is requesting a loan of 10,000 PHP, which will be used to purchase additional seeds, seedlings, and young crops to raise. This loan will be the first loan taken out by Ronilo 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, 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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