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Romeo
Due to hardships and lack of finances, Romeo wasn't able to continue his studies. Instead he became his father's helper in managing their rice field. Romeo is a responsible husband and father to his two children. He is thankful because his father taught him the farm techniques necessary for good production of rice.

Romeo has owned and operated his rice field for almost 20 years. He would like to perform his farm techniques properly in order to increase his yields this coming crop season. But he can't, due to shortage of capital. So, with his determination to obtain a higher profit, he is asking for a loan of PHP 20,000. He will be using the loan amount wisely, especially in buying fertilizer, insecticides and other farm supplies needed to improve his crop's growth. Romeo knows that his sacrifices will give him a fruitful outcome which will enable him to send his children to school and sustain all his family's needs.

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
  • 1299
    View loans »
    Philippines Loans Fundraising
  • $56,301,400
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Romeo to purchase fertilizer, insecticides and other farm supplies needed for his rice field.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 12, 2012
Listed
Feb 1, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 16, 2012