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Romulo
Romulo is a farmer in the Philippines; he plants and harvests rice. He manages a large crop of rice, which is his family's main source of income. Romulo has been in this type of business for 25 years and usually earns a maximum net income of 20,000 PHP per crop season.

Romulo is 58 years of age, is married and has three children. His goal in life is to earn a higher income from farming and to be able to expand his business for additional earnings for the family.

Romulo’s income from farming is not enough to sustain against his expenditures in farming. Thererfore, Romulo is asking for a loan of 50,000 PHP to buy farm inputs like seeds, fertilizers and herbicides to use in growing crops.

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
  • 886
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 42.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Romulo to buy farm inputs like seeds, fertilizers and herbicides to use in growing crops.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 15, 2012
Listed
Aug 2, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012