Vilma is 37 years old, and is married. Vilma operates a small store in which she offers different kinds of basic commodities. She just started this business in the last three years. She lives with her family in the village of Villa Luna. Her place is far from the market and relies more on agricultural business. She would like to buy more groceries that are needed in her village. But due to insufficient funds, Vilma is motivated to borrow additional capital in the amount of 17,000 Philippine pesos to buy canned goods, noodles, assorted breads and eggs to sell. She hopes to obtain the requested loan amount in order to increase her profits, which will serve her children's education and improve their living conditions.
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.