A loan of $525 helped to purchase fertilizer such as manure.

Telesforo's story

Telesforo G. Sr. is from the village of Parog Parog, Solana, Cagayan. He is 54 years old. Telesforo is married and has 2 adult-aged children. To make a living, Telesforo 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. Telesforo has been engaged in his business for over 6 years and earns approximately 25000 PHP per harvest.

In 2009, Telesforo joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Telesforo has successfully repaid a previous loan of 14,000 PHP from ASKI. Telesforo is requesting a new loan of 22000 PHP which will be used to purchase fertilizer such as manure. This loan will be the 3rd loan taken out by Telesforo from ASKI. He plans to use the additional revenue generated from the business to improve/expand the business.

About ASKI:

ASKI is one of the most successful microfinance institutions in the Philippines. It has 38 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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