A loan of $350 helped to purchase additional seeds, seedlings and young crops.

Oliver's story

Oliver G. is 56 years old, married and has five adult-aged children. He is from the village of Villa Victoria in Echague barangay, a part of Isabela province on the Luzon islands. Oliver is a farmer who plants and harvests rice for sale. Oliver has been in business for over thirty years and earns approximately 25,000 PHP every harvest season.

In 2010, Oliver joined ASKI to gain access to its financial services. He is requesting a new loan, his second from ASKI, of 15,000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. He plans to use the additional revenue generated to improve his farm.

About ASKI:

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.

Loan details

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Loan details