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Romeo
Romeo is happily married to Dace Jane, who is also his business partner. They run a computer shop in their village of Arellano, beside the University of Saint Louis Tuguegarao City. Most of their customers are teachers and students. They have been engaged in this business for almost five years.


Since technology is becoming more advanced, Romeo is requesting a loan of PHP 50,000 from Kiva lenders to buy the necessary materials for them to upgrade their computers. This loan will enable the business to grow and become more stable for the future of their children. Romeo is hoping that his request will be granted.

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
  • 1496
    View loans »
    Philippines Loans Fundraising
  • $59,200,750
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Romeo additional capital to upgrade their computers.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Oct 28, 2009
Listed
Nov 24, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010