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Romel works hard to further support the needs of his two children. He is 35 years old and has been engaged in the farming business for over six years.
During planting season, Romel has encountered a lack of financing to sustain his farm needs. He can’t start his farming activities because of financial difficulties. Now, Romel decided to borrow a loan of 45,000 PHP to buy farm inputs like seeds, fertilizers and pesticides. He hopes to start his farming activities early and will harvest his crops early as well.

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

  • $7,000
    Average annual income
  • 1857
    View loans »
    Philippines Loans Fundraising
  • $61,010,950
    Funds lent in using Kiva
  • 41.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Romel to buy farm inputs like seeds, fertilizers and pesticides.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Jun 15, 2012
Aug 2, 2012
Currency Exchange Loss:
Dec 15, 2012