Vilma has been running her tailoring business for more than fifteen years and her retail store for seven years. She is thankful because through her hard work and support of her husband, she was able to improve her small businesses, as well as their living conditions.
Vilma is 38 years old and happily married. The couple work hard in order to earn a living. Vilma wishes to sustain the smooth flow of her tailoring and retail store businesses, but she needs additional capital. With this, she is now asking for the financial support of Kiva lenders through ASKI in the amount of PHP 12,000. She will use the loan to buy stocks of garments for her tailoring business and different commodities for her variety store. She believes that through their support, she could further improve and make her businesses profitable.
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.