A loan of $600 helped to purchase additional seeds, seedlings and young crops to raise.

Remedios's story

Remedios P. is from the town of Rizal, Quirino, Isabela. She is 51 years old, married and has five adult-aged children. To make a living, Remedios owns and operates a business venture in the agriculture sector planting and harvesting rice for sale. Remedios has been engaged in her business for over 20 years and earns approximately 6,000 PHP per month from these activities.

In 2007, Remedios joined Kiva partner, ASKI, to gain access to financial services to help improve her living situation and ability to engage in business activities. She has successfully repaid a previous loan of 23,000 PHP from ASKI. This loan was used to purchase fertilizers such as manure. Remedios is requesting a new loan of 26,000 PHP, which will be used to purchase additional seeds, seedlings and young crops to raise. This loan will be her seventh from ASKI. She plans to use the additional revenue generated from the business to improve and expand her 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 farmers, fisherfolk 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.

Loan details

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Loan details