Funded

Total loan: $500
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A loan of $500 helped to purchase additional seeds, seedlings & young crops to raise.


Manuel's story

Manuel A. is from the village of Marannao. He is 48 years old, married, and has 5 adult-aged children. To make a living, Manuel plants and harvests corn for sale. Manuel has been engaged in his business for over 30 years and earns approximately 28000 PHP per harvest.

In 2007, Manuel joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Manuel has successfully repaid a previous loan of 17000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings, and young crops to raise. Manuel is requesting a new loan of 21000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. This loan will be the 8th loan taken out by Manuel from ASKI. He plans to use the additional revenue generated from the business to improve/expand his business.

About ASKI:

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 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.



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: October 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: October 27, 2010
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)