A loan of $250 helped to purchase fertilizers such as manure.


Mario's story

Mario B. is from the village of Sta. Clara Aritao, Nueva Vizcaya. He is 43 years old. Mario is married and has 4 adult-aged children. To make a living, Mario owns and operates a business venture in the agriculture sector raising crops. While not the only means for generating revenue, the main source of income for the business comes primarily from planting and harvesting rice for sale. Mario has been engaged in his business for over 20 years and earns approximately 30,000 PHP a month average net income every harvest from these activities.

In 2011, Mario joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Mario is requesting a new loan of 10,000 PHP which will be used to purchase fertilizers such as manure. This loan will be the first loan taken out by Mario from ASKI. He plans to use the additional revenue generated from the business to financially support immediate members of his family.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 21 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.



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