A loan of $350 helped to purchase fertilizers such as manure.

Agapito's story

Agapito P. is from the village of San Isidro. He is 55 years old. Agapito is married and has 1 adult child. To make a living, Agapito 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. Agapito has been engaged in his business for over 31 years and earns approximately 40,000 PHP per harvest.

In 2010, Agapito joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Agapito is requesting a loan of 15,000 PHP which will be used to purchase fertilizers such as manure. This will be the 1st loan taken out by Agapito 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.

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