A loan of $575 helped to purchase fertilizers such as manure.

Albert's story

Albert G. is from the village of District 4. He is 40 years old. Albert is widowed and has four school-aged children. To make a living, Albert owns & operates a business planting and harvesting rice for sale. Albert has been engaged in his business for over 15 years and earns approximately 7,000 PHP a month for these activities.

In 2010, Albert joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Albert is requesting a new loan of 25,000 PHP, which will be used to purchase fertilizers such as manure. This loan will be the first loan taken out by Albert 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 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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