Vilma P. is 37 years old and is married to Jerry, a farmer. They have two children, Jephanie, a 12 year old grade VI student and 9 years old Javeric, who is in grade V. Her family lives in San Fabian Echague.
Vilma manages a grocery store in their village. Aside from merchandise, they also sell some feed as an additional source of income. Her husband Jerry works their rice fields and is her partner in managing their grocery. They each have their own responsibilities in their house. Vilma is thankful because her family is supportive in her business activities. Vilma would like to continue improving their business and is asking for financial support through the kiva lenders. She wants to increase her stocks of products. For this reason, she is requesting PHP5,000 for business expansion and improvement. She hopes that her loan will be profitable so that she could meet the needs of her family most especially the schooling of their two children.
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.