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.
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