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Genelyn
Jenelyn is 21, married, and has one infant child. Due to the lack of job opportunities, she engages herself in making and selling candies in their community. She sacrifices her time in making candies to take care of her child. Through her patience and sacrifices, she makes and sells candies to earn income that she uses to acquire their basic necessities and also to save some for future emergencies.

She aimed to make and produce more candies to sell, but due to inadequate capital, she is asking for additional capital of PHP10,000 to buy Peotraco (supplier of baking sugars, etc.), plastics, egg whites, sticks and straws for her candy making business. She believes that she will make her business grow as long she continues to work and make improvements in her business.

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
  • 1495
    View loans »
    Philippines Loans Fundraising
  • $59,411,500
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Genelyn to buy peotraco, plastics, egg whites, sticks and straws for her candy making business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2011
Listed
Nov 3, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 21, 2012