A loan of $475 helped to purchase seeds, seedlings and young crops to raise.

Jerold's story

Jerold V. is from the village of Aurora. He is 30 years old, married, and has 2 school-aged children. To make a living, Jerold owns and operates a business in the agriculture sector raising crops. The main source of income for the business comes from planting, harvesting and selling rice. Jerold has been involved in this business for over 5 years and earns approximately 10,000 PHP a month for these activities.

In 2010, Jerold joined ASKI to gain access to financial services to improve his living situation and his ability to engage in business activities. Jerold is requesting a new loan of 21000 PHP which will be used to purchase additional seeds, seedlings and young crops to raise. This will be the first loan taken out by Jerold from ASKI. He plans to use the additional revenue generated from the business to pay tuition fees for his children.

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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