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Rosita
Rosita M. is 56 years old and is married to Zosimo M. who is one year older than her. The two were blessed with five children and four of those have their own families to manage now. Rosita's husband is a tailor, while she is a business woman. Ever since she had her own family, Rosita has tried different kinds of businesses to earn money for her family, especially for the education of her children. Through the support of her husband, she was able to send all of her children to school up to college. However, she did not have much time and capital to spend on her business. Her main priority then was family and the education of her children.

When Rosita's children became responsible for themselves and got their own careers, she thought of expanding her business to give herself time to be with other people in their community. She joined ASHI in 2007, and she finds that she is achieving her dreams. The amount she is qualified to loan from ASHI has increased, thus she has more options to enhance the variety store she started. Her new loan is intended for purchasing additional goods to be sold in her variety store. The profits she will earn from her business will be saved for her future plans of growing her mini variety store to a general grocery store, which can accommodate the needs of people who want to put up their own mini variety store someday.

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

  • $7,000
    Average annual income
  • 1429
    View loans »
    Philippines Loans Fundraising
  • $59,148,800
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Rosita to purchase a variety of goods to be sold in her store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 1, 2009
Listed
Jul 15, 2009
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2010