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Romeo
A determined man named Romeo is expressing his gratefulness for having a supportive wife and two children. They own a farming business and it serves as the family's primary source of income. They plant and harvest rice to sell. They have been in this business for almost 20 years.

As of now, he has insufficient funds for his farming business so he is borrowing a loan of P35,000 to buy 6 bags of UREA (fertilizer) and 5 bags of rice seeds for use in farming.

With his hard work and the help of this loan, Romeo knows that someday he will attain success and provide a better life for his family.

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
  • 375
    View loans »
    Philippines Loans Fundraising
  • $50,745,300
    Funds lent in using Kiva
  • 43.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Romeo to buy 6 bags of UREA (fertilizer) and 5 bags of rice seeds for use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 17, 2012
Listed
Apr 2, 2012
Currency Exchange Loss:
Possible
Ended:
May 22, 2012