In 1999, Leonida joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines, full of dreams to overcome poverty. With her previous loans, she used those in a variety of businesses but, years later, she ventured into the resale of yearly calendars and ready-to-wear clothes. She has been doing this for several years already.
Now on her 9th loan, Leonida is requesting 45,000 pesos as additional capital for the resale of calendars and ready-to-wear clothes. 38,000 of her loan will be used for the resale of calendars while 7,560 (including additional capital) will be used for the resale of ready-to-wear clothes.
Leonida is hopeful that she can establish strong businesses so that she can help her grandchildren with their school fees and can invest her money in assets such as the procurement of land and other things.
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