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Romelia Floreca's Group
In this Group: Romelia, Jennifer, Imelda, Rosalinda, Josephine, Juvy, Josie, Melanie, Maribel, Lanie
Romelia is the leader of 10 members taking a group loan. Romelia is married and is 47 years old. She has a retailing business where she sells veterinary supplies like vaccines, de-worming medicine and animal vitamins. She has been operating this business for almost 15 years. Romelia is requesting a loan of PHP 25,000 to purchase additional supplies like vaccines, de-worming medicine and animal vitamins to sell in their villages. She usually earns about PHP 8,000 each month in this business. She hopes that her business will improve while taking the loan to continue sending her children in school.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Philippines

  • $7,000
    Average annual income
  • 874
    View loans »
    Philippines Loans Fundraising
  • $63,374,250
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A portion of Romelia Floreca's Group's $2,075 loan helped a member to purchase supplies such as vaccines, de-worming medicine and vitamins.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 20, 2011
May 23, 2011
Currency Exchange Loss:
Nov 18, 2011