A loan of $250 helped to purchase additional seeds, seedlings and young crops to raise.

Emelito's story

Emelito M. is from the village of Villa Victoria Echague, Isabela. He is 36 years old. Emelito is married and has 3 school-aged children. To make a living, Emelito 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. Emelito has been engaged in his business for over 8 years and earns approximately 20,000 PHP per harvest.

In 2011, Emelito joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Emelito is requesting a new loan of 10,000 PHP, which will be used to purchase additional seeds, seedlings and young crops to raise. This loan will be the 1st loan taken out by Emelito 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 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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