Vilma is 38 years of age and married. Her aim in life is to enter college but due to lack of finances, she enrolled in a vocational course pertaining to sewing. After her graduation, she decided to enhance and apply her knowledge in generating income.
Vilma has now been engaged in a sewing services for 19 years. She is really thankful to the lenders because her previous loan was used to purchase a stretch sewing machine, garments and threads which helped her increase her profit. Aside from sewing, she is also engaged in a livestock business.
Vilma also sews bridal gowns and accepts repairs to all kinds of clothing. At this time, she has plenty of job orders, so she is in need of additional working capital which will be use to buy stocks of garments and threads. In this situation, she requested a loan of PHP 7,000. She knows that this loan amount will keep her business growing continually.
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.