Check out some available loans that are similar to this one!
Araceli
Araceli B. is 44 years old and mother to four; two girls and two boys. She is happily married to Rodel, 49 years old and a tricycle driver. She is full of determination to cut the bonds of poverty that hinder her way and her family's to success. She lives in Angono, Rizal province in the Philippines.



With her desire to look for a greener living, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, just recently with a bagful of hope to have access to capital to start a business. Her first loan was invested in a sari-sari Store (general store) as her primary business and part was used in her secondary business: hog raising.



Her businesses went well and seem to bring her enough income for their living. Now on her 2nd loan, she proposes the amount of 10,000 pesos to pay for sacks of rice, cases of soft drinks, canned goods and groceries for her store. And again, a portion of her loan will be used as additional capital for her secondary business: hog raising.



Araceli's aspiration in life is to be able to send her children to school until they finish college and find jobs. She dreams also of expanding her business 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

  • $1175
    Average annual income
  • 346
    View loans »
    Philippines Loans Fundraising
  • $50,930,575
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Araceli to pay for sacks of rice, cases of soft drinks, canned goods and other groceries for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2009
Listed
Jul 28, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010