Erlinda G. is from the village of Sinamar, Roxas, Isabela. She is 58 years old and married. To make a living, Erlinda owns and operates a business venture in the agriculture sector raising crops. The main source of income comes from planting and harvesting corn for sale. Erlinda has been engaged in her business for over 25 years and earns approximately 9000 PHP a month for these activities.
In 2007, Erlinda joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Erlinda has successfully repaid a previous loan of 33000 PHP from ASKI. This previous loan was used to purchase fertilizer, such as manure. Erlinda is requesting a new loan of 35000 PHP that will be used to purchase additional seeds and seedlings. This loan will be the 8th loan taken out by Erlinda from ASKI. She plans to use the additional revenue generated from the business to financially support the immediate members of her family.
ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 branches covering the Central and Northeastern areas. Its clients are mostly 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.
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.