A loan of $550 helped to purchase fertilizers such as manure.

Fredie's story

Fredie B. is from the village of Quiling. He is 34 years old. Fredie is married and has a school-aged child. To make a living, Fredie raises crops. The main source of income for the business comes from planting and harvesting rice for sale. Fredie has been engaged in his business for over 10 years and earns approximately 8,000 Philippines pesos (PHP) a month from it.

In 2010, Fredie joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Fredie is requesting a new loan of 24,000 PHP, which will be used to purchase fertilizers such as manure. This will be the first loan taken out by Fredie from ASKI. He plans to use the additional revenue generated from the business to pay the tuition fees of his child.

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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