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Romeo lives in Barangay Arellano of Tuguegarao City. He is married to Dace Jane and they have two children. They want to give their children a better future by providing them with college educations.

Romeo owns and manages a computer shop in the city. With his desire to develop his business, he also offers snacks and electronic cellphone loaders inside his shop. He requests a loan of PHP30, 000 that he will use as additional business capital. He also plans to use the loan to purchase at least five more computers.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $7,000
    Average annual income
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 47.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Romeo additional capital.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 14, 2009
Aug 12, 2009
Currency Exchange Loss:
Feb 15, 2010