A loan of $1,650 helped a member to repair a transport vehicle used in the business.


Genalyn's Group's story

Genalyn S. is from the village of Maluno Sur. She is the leader of a 13-member group loan offered by Kiva partner, ASKI. While each member of the group receives an individual loan, they are collectively responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. The official name of this borrowing group is Genalyn S..
Genalyn is 22 years old, married, and has one infant-aged child. To make a living, Genalyn owns and operates a service-based business. The main source of income for the business comes from providing transportation services in the local community. Genalyn has been engaged in her business for over ten years and earns approximately 4,500 PHP per month from these activities.
In 2009, Genalyn joined ASKI to gain access to financial services to help improve her living situation and ability to engage in business activities. Genalyn has successfully repaid a previous loan of 5,000 PHP from ASKI. This loan was used to repair a transport vehicle used in the business. Genalyn is requesting a new loan of 6,000 PHP, which will also be used to repair a transport vehicle used in the business. This loan will be her second from ASKI. She plans to use the additional revenue generated from the business to financially support immediate members of her family.

About ASKI
ASKI is one of the most successful microfinance institutions in the Philippines. It has 25 branches covering the Central and Northeastern areas. Its clients are mostly farmers, fisherfolk and small entrepreneurs.

*Note: To maximize efficiency and reduce costs, this loan was posted using a template to automate the translation by Kiva. Given that manual translation of entrepreneur profiles is costly, Kiva created this template for our Field Partner to allow them to continue to post loans in English while providing quality and accurate information to Kiva lenders.

In this group: Genalyn, Dionalyn, Emelyn, Lucena, Mary Jane, Michael*, Virginia, Elizabeth, Emilyn, Erlinda, Ginalyn, Lobilina, Raquel
*not pictured



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