A loan of $250 helped to pay for services to increase crop yield.


Myrna's story

Myrna P., from the village of Bolinao, is 48 years old, married, and has three school-aged children. To make a living, for over 20 years Myrna has been planting and harvesting a variety of vegetables for sale, earning approximately 4000 PHP a month.

In 2008, Myrna joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Having repaid a previous loan of 8,000 PHP from ASKI that was used to purchase fertilizers such as manure, she is now requesting her fifth loan of 10000 PHP to pay for services to increase crop yield. Myrna plans to use the additional revenue generated from the business to pay the tuition fees of her children.

About ASKI: ASKI is one of the most successful microfinance institutions in the Philippines, with 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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