Elisa has had her variety store for three years and has had a total of nine loans from ASHI, all of which helped her with her business and helped her to raise her family up from poverty. She paid them all back 100% and on time.
With 17,000 Pesos of this 35,000 Pesos loan, Elisa will be able to purchase groceries for her variety store. The remainder, she is planning to use for a welding machine for her husband's work and, with the little bit left, a fishing net so that they might start a fishing business too. It's very wise here to have more than one income, since weather and other factors affect businesses and Elisa has been working hard for years to be able to start to diversify her business.
Elisa’s dream is that, someday, her small store will become a bigger store but, more than anything, she wants good health for her family and education for their futures so they might not have to live in poverty.
Written by Sloane Berrent, Kiva Fellow
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