Loreta was given the opportunity to buy a pedicab when she received her first loan from ASHI. She was privileged enough since, as a means of transportation for people in the city, the use of a pedicab is in demand. As her business is growing fast, her next loan will be used to purchase a second pedicab, and some of the loan will be used as capital in buying 50 chicks and the vitamins and feed for them.
Loreta dreams that someday she and her family will get out of poverty. She hopes to send her children to school so that they are able to find stable jobs and will not suffer the same life that she has had.
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