Total loan: $800
San Jose, Quirino, Isabela, Cagayan Valley, Philippines / Agriculture
Flag of Philippines
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A loan helped to purchase additional seeds, seedlings & young crops to raise.
Domingo R. is from the village of San Jose. He is 49 years old. Domingo is married and has 2 adult children. To make a living, Domingo owns & 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 from planting and harvesting rice for sale. Domingo has been engaged in his business for over 22 years and earns approximately 90,000 PHP per harvest. In 2005, Domingo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Domingo has successfully repaid a previous loan of 30,000 PHP from ASKI. This previous loan was used to purchase additional seeds, seedlings & young crops to raise. Domingo is requesting a new loan of 35,000 PHP which will be used to purchase additional seeds, seedlings & young crops to raise. This will be the tenth loan taken out by Domingo 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 29 branches covering the Central and Northeastern areas. Its clients are mostly of 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.