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Romelo
Romelo raises rice in his local community. He has been farming for the past five years and his main priorities are to let his children finish their studies and improve his family's way of living.

Romelo is requesting a 20,000 PHP loan to buy necessary farm supplies to ensure the proper growth and nutrition of his crop. In the future, he hopes to obtain a bigger farm plot to cultivate and earn a bigger profit to save for the bright future of his two children.

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
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,075,525
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Romelo to buy farming supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 29, 2012
Listed
Jun 1, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 19, 2012