A loan of $2,175 helped a member to purchase additional seeds, seedlings & young crops to raise.

Pedro Jr's Group's story

Pedro Jr C. is from the village of Pilitan. He is 39 years old. Pedro Jr is the group leader of a ten-member group loan offered by ASKI. While each member of the group receives an individual loan, they are all collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Pedro Jr C..

Pedro Jr is married and has four school-aged children. To make a living, Pedro Jr plants and harvests rice for selling. Pedro Jr has been engaged in his business for over fifteen years and earns approximately $1415 every cropping season (every four months).

In 2010, Pedro Jr joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Pedro Jr is requesting a loan of 10,000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. This will be his 1st loan from ASKI. He plans to use the additional revenue generated to expand his business.

About ASKI:

ASKI is one of the most successful micro-finance institutions in the Philippines. It has 25 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.

In this group: Pedro Jr, Bernardino, Delbemar, Domingo, Eduardo, Jenny, Juan, Noel, Richard, Rogelio

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