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Romy
Romy is a proud farmer within his local community. He is 45 years of age, married, and has been blessed with two children. He aims to obtain greater profits from his business so he can provide his two children with higher levels of education and save some money for his family for emergency purposes.

Romy grows rice crops on his two hectares of farm land. He has been in this field for 20 years. He is really grateful to Kiva lenders because his previous loan helped him so much. He would like to continue developing his farming operation so he is requesting another loan amounting to PHP 20,000, which will be used to buy necessary farm inputs. He knows that this loan will make his business more productive and profitable.

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
  • 1151
    View loans »
    Philippines Loans Fundraising
  • $54,566,475
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Romy to buy necessary farm inputs.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 16, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013