A loan of $225 helped to buy seeds and seedlings for rice farming.

Severino's story

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.

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