A loan of $575 helped to purchase fertilizer.


Danilo's story

Danilo P. is from the village of District 4. He is 43 years old and married, with 3 school-aged children. To make a living, Danilo plants and harvests rice for sale. Danilo has been engaged in his business for more than 22 years and earns approximately 8000 PHP a month.

In 2010, Danilo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Danilo is requesting his first loan, for 25000 PHP to be used to purchase fertilizer such as manure. Danilo plans to use the additional revenue generated from the business to pay for his children's tuition fees.

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, fishers 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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