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Romulo
Romulo is a hard-working father of three children and a responsible husband. His main source of income comes from farming. Because he is determined to succeed in life, he has invested the profits he earned farming in another kind of business, which is raising hogs. He is currently raising two sows, five hogs for fattening and one boar.

Romulo is thankful because his wife is supportive and hard-working. At this time, he is struggling due to a shortage of income and his capital intended for his livestock is no longer sufficient. As a result, he is asking for a loan of 35,000 PHP, which he will use to buy livestock feed, vitamins and vaccines to ensure the proper growth of his hogs. In this way, he hopes to obtain better income, which will enable him to improve their standard of living and save some money for emergency purposes.

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
  • 1211
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Romulo to buy feed, vitamins and vaccines for his hog raising business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 9, 2012
Listed
Dec 1, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013