Funded

Total loan: $625
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A loan of $625 helped to buy hybrid seeds of rice, fertilizers and herbicides.


Romeo's story

Romeo is 47 years old and married. He is blessed with three children who are in school. His wife is a housekeeper. Romeo is a farmer, planting rice in the Philippines. He has been doing this business for 27 years. He usually earns an average income of P25,000 each crop. Sometimes his earnings depend on climate. It also depends on the seed variety he plants. Romeo’s habit is planting an inbred variety of rice because of its low cost. He has not enough capital to buy hybrid rice seed varieties because it’s costly.

Romeo desires to have a high yield and earn a higher income with every crop. He plans to plant hybrid rice seeds in order to obtain his desires. This situation leads him to request a loan of P27,000 to buy hybrid seeds of rice, fertilizers and herbicides. Romeo is looking towards the success of his rice farming business.



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: September 23, 2011
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)

Lenders and lending teams



Loan details

Loan length:

7 months
Repayment schedule: At end of term
Disbursed date: September 23, 2011
Facilitated by Field Partner: Alalay sa Kaunlaran, Inc. (ASKI)