A loan of $175 helped to purchase general farm supplies and equipment.

Jovinsol's story

Jovinsol C. is from the village of Brgy. Bonfal East, in Bayombong in the province of Nueva Vizcaya. He is 38 years old. Jovinsol is married and has three school-age children. To make a living, Jovinsol owns and operates a business raising crops. The main source of income for the business comes from cultivating coconut trees and harvesting the fruit to sell. Jovinsol has been engaged in his business for over 10 years and earns approximately 4,000 PHP a month for these activities.

In 2009, Jovinsol joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Jovinsol has successfully repaid a previous loan of 5,000 PHP from ASKI. This previous loan was used to pay for services to increase crop yield. Jovinsol is requesting a new loan of 7,000 PHP, which will be used to purchase general farm supplies and equipment. This loan will be the second loan taken out by Jovinsol from ASKI. He plans to use the additional revenue generated from the business to improve his family's general living conditions.

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, 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.

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