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Lolita
Lolita A. is one of the best performing members of ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines since 1995, from the time she joined the institution. She is 58 years old and mother to six children. She is strong in facing trials of life even though she is widowed already. She lives in the island village-Malacaban, Binangonan, Rizal province.
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.

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
  • 257
    View loans »
    Philippines Loans Fundraising
  • $53,061,525
    Funds lent in using Kiva
  • 48.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Lolita to purchase fish nets and fingerlings.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 25, 2009
Listed
Jul 9, 2009
Currency Exchange Loss:
Covered
Ended:
Jul 25, 2011