Caridad Bonna, age 39, is a vegetable vendor, running a "talipapa" (vegetable stall) in Pallua to earn her income. She is a college graduate and once worked at an insurance company, but she aspires to manage her own business. She has managed her small vegetable stall for about one year and earns PhP 12,000 each month. She uses her income to support herself and for reinvestment into revolving capital for the business. She is unmarried.
She would like to request a loan in the amount of PhP 20,000 in order to buy cabbages, tomatoes, eggs, bread, and eggplants to sell.
Caridad Bonna would like to continue extending good services to her customers and to increase her income, so that her business can develop and grow. She is confident that her business will eventually lead her to attain financial stability.
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.