Gloria is a member of Rizal South Branch of ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines. Since before she entered ASHI, they were already engaged in selling fish and maintain a fish cage (small fishpond). Now on her 3rd loan, she proposes the amount of 15,000 pesos as additional capital for her business: the selling of fish from their own fish cage. They harvest fish from the fish cage and deliver or sell it to the markets.
She is hopeful that her business will grow and will give them profit for its sustainability. With her business, she is looking forward to having bigger savings for their future and also to help her grandchildren in their school expenses and to get away from the cycle of poverty.
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