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Genalyn
Genalyn is 33 years old, is married, and has been blessed with four children. She is thankful because, through her perseverance and initiative, she has been able to earn greater profits. She manages a business manufacturing salted eggs (red eggs) and selling "balut." She has been involved in this type of business for 13 years. According to Genalyn, the income from this business has been used for the family's daily food consumption, allowances for her children in school, and other household expenditures.

Genalyn aspires to the continuous growth of her food-manufacturing business. She is requesting financial support in the amount of 35,000 Philippine pesos (PHP), which she will use to buy fresh eggs in bulk so she can supply all her customers and improve the taste of her products. Her dream is to become successful in her chosen business and for the product she manufactures to become popular and profitable at an affordable price.

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
  • 1479
    View loans »
    Philippines Loans Fundraising
  • $59,394,700
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Genalyn buy fresh eggs in bulk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 25, 2013
Listed
Aug 3, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2014