Vilma is 43 years old. She is married to Vicente and they have five children. Her spouse is a tricycle driver while she sells peanut butter to the people in their village. She is now asking for a loan of PHP 5,000 to invest in her spouse's business. He will buy gasoline and oil for his motorcyle and she will buy peanuts for her peanut-butter selling business. This will help offer good transport services and products to all their customers.
Vilma hopes to keep improving their income and to continue to give a better life to her family.
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.