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Severino G. is from the village of Sta. Isabel Norte, Ilagan. He is 43 years old, married and has four school-aged children. Severino makes a living primarily from planting and harvesting rice for sale. Severino has been engaged in his business for over 22 years and earns approximately 25,000 Philippines pesos (PHP) per harvest.

In 2010, Severino joined ASKI to gain access to financial services with the hopes of improving his living situation and ability to engage in business activities. Severino is requesting his first loan of 10,000 PHP which will be used to purchase seeds and seedlings to raise. He plans to use any additional revenue generated from his farming to improve/expand his enterprise.

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 of 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.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 372
    View loans »
    Philippines Loans Fundraising
  • $66,111,575
    Funds lent in using Kiva
  • 44.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Severino to buy seeds and seedlings for rice farming.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jul 27, 2010
Aug 21, 2010
Currency Exchange Loss:
Jan 15, 2011