She uses her capital wisely and really invested it in a profitable business. Before, they were making chairs sets made of bamboos. Now they shifted their business into a fish cage (fishpond) where they cultivate fish fries (fingerlings) until they are ready to be harvested and sold in the market. For her loan, she proposes an amount of 25,000 pesos to pay for 20,000 pesos worth of fishnets and 5,000 pesos worth of fish fries (fingerlings) as her primary business.
They been doing the business for more than a year already and they want to invest more in it. She is positive that with the help of her children, they can make their business grow and it could give them back enough proceeds for their family needs. To help her grandchildren with their school fees is also one of her top dreams.
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.
354View loans »