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Genaro
Genaro is a 42-year-old single man who collects and resells junk products for profit. He has been doing this for five years now. From his business, he is able to generate PHP 8,000 monthly. He helps sustain his parents' needs for meals because they are too old to be involved in a business. He is now asking for a loan of PHP 13,000 to buy more empty cans, jars and bottles to resell for profits. It will help improve his income. Though he has a small business, Genaro hopes to attain a decent life and financial stability for his family someday.

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
  • 1044
    View loans »
    Philippines Loans Fundraising
  • $57,699,900
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Genaro to buy more empty cans, jars and bottles to resell for profits.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 25, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013