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Genie
Genie loves to read books. She enjoys reading when she has finished doing household chores. Through her passion, she established a small bookstore in front of their house. She has been managing it for almost 5 years. She sells books such as children's short stories, dictionaries, thesaurus and encyclopedias. She usually earns about P10,000 each month. Genie has three children. Despite her low income, she always worked hard and showed determination to send all her children to school. Genie is now very proud that they have finished their education.

Though she no longer has to support them, Genie still wants to diversify her business. She is asking for a loan of P30,000 to buy books, magazines and newspapers to sell in her small bookstore.

In the future, Genie wants to construct more convenient bookshelves to stock a variety of books. In this way, she would attract more customers who might need books, magazines or newspapers to read.

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
  • 1471
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 42.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Genie to buy books, magazines and newspapers to sell in her small bookstore.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2011
Listed
Aug 30, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012