Villamenia is 59 years old. She is married to Elizardo and they were blessed with two children and they are both married. Villamenia is managing a sari-sari store (community based store) in their village and she is thankful for the improvement that is happening to her business. In order for her to further improve her business and so with their way of living, she is requesting to request a loan of PHP5000 from the KIVA lenders as business capital. This amount will be of great help for the expansion of her store. She hopes that her requested loan will be approved. Her husband Elizardo is a private driver. The couple wanted that they could be able to sustain their needs. Villamenia and Elizardo would like to earn bigger capital for their security purposes when they get old.
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.