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Genie is a cheerful person and enjoys her daily activities in her home-based business selling books, encyclopedias and magazines to the people in her village, especially students. Genie's hobby of reading books motivated her to open up this business.

Genie has three grown-up children. She is asking for additional capital to invest in buyng additional books, dictionaries, thesaurus and magazines to sell. With the additional quantity of items to be sold, she expects to generate more profits.

Aside from generating good income from the business, she hopes to satisfy all her customers with high quality products and the friendly services she offers.

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
  • 409
    View loans »
    Philippines Loans Fundraising
  • $65,913,675
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $825 helped Genie to buy additional books, dictionaries, thesaurus and magazines to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jan 19, 2012
Feb 12, 2012
Currency Exchange Loss:
Aug 22, 2012