Lucinda started her business selling dried saltfish and shrimp paste at market only recently. She found initial support for her endeavor when she became a member of Kiva partner Ahon Sa Hirap, Inc. (ASHI) in 2008, and is now on her second loan cycle.
She plans to use the proceeds of this loan to buy more fishing materials, including rope, nets, floats and weights, and nylon line. Lucinda processes the fish she catches, drying them for sale at public market.
She hopes to generate enough income from her business to be able to help support her nephews' education. She also wants to save money in order to be financially stable when she and her husband are no longer able to work. Lucinda's ambition will help her achieve these goals: she wants to buy a motorized fishing boat some day, and plans to further expand her fishing operation.
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