Nuñela plans to use the proceeds of this loan to buy a new grinder to process coconuts, and any money left over will be used as working capital to buy more fresh coconuts. The grinder is a rotary, electric tool attached to a table that makes it easy to extract coconut meat efficiently.
Nuñela hopes her business will continue to generate a stable income. She has been helping support her grandchildren's education, and says she never stops thinking about the welfare of her whole family.
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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Success!! The loan was 100% repaid