Any VM is going to run considerably slower than your main system.
The slower & smaller your system, the more difference that is going to make.
With a 32-bit OS & maximum 4GB RAM, that is going to hit you even harder. Presumably you also have an old spinning rust Hard Disk, which is where your already struggling computer will have to constantly page RAM to in order to keep various tasks running at all.. that will slow it down still further.
The only ways to significantly improve the speed of the VM are:-
More RAM - can't be done on a 32-bit OS
Faster &/or larger HD - or better, SSD.