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Merle
Merle F. is a 47 year-old mother of four. Her husband Angel is a fisherman. The family live in a village along the sea of San Jose, Antique, the capital town of the province. Her present business is a variety store, established using her previous loans from ASHI (Ahon sa Hirap, Inc.). The income from her store and her monthly honorarium for being a councilor in the village are not enough to support the needs of her family, especially the education expenses of her two children in college and one in high school.

Mergelyn, her eldest daughter, helped her in managing their grocery store. She applied for this loan to buy a brand new motorized fishing boat for her husband. She hopes that through her proposed business she will be able to sell a large volume of fish, enabling her to save for the expansion of her venture. She dreams of expanding her fishing boat in the future. She also wants to save money for the education of her children and to improve their house.

Additional Information

About ASHI

Ahon Sa Hirap, Inc. has the distinction of being the oldest existing replication of Grameen methodology for delivering credit to the poor in the Philippines. With more than a third of the nation’s 90 million Filipinos living below the poverty line, ASHI was established with the vision of helping to alleviate poverty in the Philippines. Translated from Tagalog, Ahon Sa Hirap means “to rise above poverty.”

Empowering women dedicated to supporting their families through hard work and dedication, ASHI lends 100% to women and specifically the bottom 50%, so the “poorest of the poor.” In addition to general business loans, ASHI also offers educational loans, house repair loans, savings funds, and social development programs for its members. ASHI is committed to translating its social mission into practice.

About Philippines

  • $1175
    Average annual income
  • 299
    View loans »
    Philippines Loans Fundraising
  • $52,105,400
    Funds lent in using Kiva
  • 47.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Merle to purchase a new motorized fishing boat.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 11, 2009
Listed
May 1, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010