A loan of $1,150 helped to purchase livestock feed and other supplies.

Dexter's story

Dexter E. is from the village of Brgy. Maddiangat, Quezon, Nueva Vizcaya. He is 28 years old. Dexter is married and has 1 infant-aged child. To make a living, Dexter owns and operates a business venture in the agriculture sector raising livestock. While not the only means for generating revenue, the main source of income for the business comes primarily from raising pigs for breeding. Dexter has been engaged in his business for over 5 years and earns approximately 9,000 PHP a month for these activities.

In 2010, Dexter joined ASKI to gain access to financial services to help improve his living situation and ability to engage in business activities. Dexter has successfully repaid a previous loan of 20,000 PHP from ASKI. This previous loan was used to purchase breeding livestock. Dexter is requesting a new loan of 50,000 PHP which will be used to purchase livestock feed and other supplies. This loan will be the 2nd loan taken out by Dexter from ASKI. He plans to use the additional revenue generated from the business to improve the general living conditions of his family.

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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