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.
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.
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