100%

funded

Total loan: $125

Francisco

Nabannagan, Lasam, Cagayan, Cagayan Valley, Philippines / Retail

Francisco's loan finished fundraising,
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A loan helped To purchase additional products to sell.


Francisco's story

Francisco P. is from the village of Nabannagan, Lasam, Cagayan. He is 37 years old and married with two school-aged children. To make a living, Francisco owns and operates a specialized retail store. The main source of income for the business comes from selling daily use products such as shampoo, soap and toothpaste in the local community. Francisco has been engaged in his business for over 12 years and earns approximately 10,000 PHP a month from these activities. In 2010, Francisco joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Francisco is requesting a loan of 5,000 PHP which will be used to purchase additional products to sell. This will be his first loan from ASKI. He plans to use the additional revenue generated to improve and 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 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.