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Romeo
Romeo is married. His wife is a housekeeper. Although he would have liked to have a child with his wife, Romeo has not been blessed with one. At his age of 61, Romeo is getting old. His dream is to have good health and savings for the future emergencies that will happen to him and to his wife.
Romeo has been running a rice farming business in the Philippines for 25 years. He always assures that his crop is in good condition to get high yields. The risks he encountered in farming are drought, pests, typhoons and flood. That determines how much he will earn.

Romeo is requesting a loan of P27,000 to buy seeds to grow and fertilizers and insecticides for plant care. Applying all of this in his farming will have a positive result in production, and will gain higher income. He hopes to attain his dream while he operates his rice farming.

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

  • $1175
    Average annual income
  • 867
    View loans »
    Philippines Loans Fundraising
  • $54,407,150
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Romeo to buy seeds to grow and fertilizers and insecticides for plant care.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 5, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
May 25, 2012