A loan of $675 helped to purchase fertilizer such as manure.

Dionicio's story

Dionicio B. is from the village of Cabisera 5. He is 45 years old. Dionicio is married and has 5 school-aged children. To make a living, Dionicio 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 primarily from planting and harvesting rice for sale. Dionicio has been engaged in his business for over 20 years and earns approximately 20000 PHP per harvest.

In 2010, Dionicio joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Dionicio is requesting a new loan of 30000 PHP which will be used to purchase fertilizers such as manure. This loan will be the 1st loan taken out by Dionicio from ASKI. He plans to use the additional revenue generated from the business to financially support immediate members of the family.

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, 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.

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