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Rommel is 39 years old, married and has three children who are currently attending to school. He plants and harvests rice to sell. He sells to traders at their village. He is now asking for a loan of PHP 25,000 to buy fertilizers and pesticides to use in farming. He generates PHP 10,000 each harvest season (twice in a year). Rommel's main goal is providing good education to his children so his income goes for their allowances and matriculation fees.

Rommel would like to keep making the business profitable so he can earn enough funds for the family to achieve financial stability.

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
  • 859
    View loans »
    Philippines Loans Fundraising
  • $63,374,250
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Rommel to buy fertilizers and pesticicdes use in farming.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Oct 23, 2012
Nov 4, 2012
Currency Exchange Loss:
May 24, 2013