Saint Gennadius of Vazhe Lake was the son of rich parents but, giving away everything, he became a disciple of Saint Alexander of Svir and lived with him in asceticism as a hermit by the river Svira. Afterwards, with blessing of Saint Alexander, he went to Vazhe Lake, twelve versts from the Svir monastery. And here, having built a cell, he spent his solitary ascetic life with two of his disciples.
Before his death, Saint Gennadius told his disciple, “Here at this place shall be a church and a monastery.” The holy ascetic reposed on January 8, 1516.