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Teresita
Teresita T. is a hopeful and determined 75-year-old woman trying to rise from poverty. She hails from the Municipality of Teresa, Rizal Province, in the Philippines. She is widowed and strove hard to nurture her children until they grew up. Looking at her age, she still has the will to continue her business, a general store where she sells basic commodities and goods for her neighbors’ consumption in their village. She has been doing this type of business for 18 years already.

In 2006, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines. She was happy, because since joining ASHI, she has had access to capital. She used her previous loans in her general store as well.

Now on her 6th loan, Teresita has proposed a loan for the amount of 30,000 pesos so she can have additional capital for her business. The amount will be used to purchase bulk stock for her general store.

She dreams to help her grandchildren with their school expenses and to expand her general store to a bigger one.

Additional Information

About ASHI

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.

About Philippines

  • $1175
    Average annual income
  • 1362
    View loans »
    Philippines Loans Fundraising
  • $56,526,750
    Funds lent in using Kiva
  • 47.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Teresita additional capital for general store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2009
Listed
Jul 3, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010