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Vilma
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.

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
  • 1233
    View loans »
    Philippines Loans Fundraising
  • $57,827,400
    Funds lent in using Kiva
  • 42.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Vilma to buy canned goods, noodles, assorted breads and eggs to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013