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Genie
Genie is a business-oriented mother. She sells reading books, such as encyclopedias and magazines, to the students in their village. She has the determination to succeed, which is why she opened up another business of selling food products, such as pastries. She offers her products to nearby stores and homeowners at Cataggaman. From her businesses, she acquires about 40,000 PHP. She saves her income for the family's daily consumption, such as for meals, electric bills, and revolving capital for her businesses.

Now, Genie is asking for a loan of 50,000 PHP to invest in expanding her food selling business. She will buy more boxes of hopia (mung bean pastry) to sell. She also hopes to keep extending friendly services to all her costumers.

In the future, Genie would like to keep generating good income from her businesses, achieve income stability, and become a successful entrepreneur.

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
  • 1447
    View loans »
    Philippines Loans Fundraising
  • $59,139,875
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Genie to buy more hopia (mung bean pastry) to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 22, 2013