In 2010, Federico joined ASKI to gain access to its financial services. Federico successfully repaid a previous loan of 10,000 PHP from ASKI. This previous loan was used to purchase fertilizers such as manure. Federico is requesting a new loan, his second from ASKI, of 25,000 PHP that will be used to purchase fertilizers such as manure. He plans to use the additional revenue generated to improve the general living conditions of his family.
Alalay sa Kaunlaran, Inc., or 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, fishermen and -women, 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 one-on-one translations of entrepreneur profiles are costly, Kiva created this template for our Field Partner to allow it 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.
ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.
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Success!! The loan was 100% repaid