PhilippinesTransportationFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesServicesFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesRetailFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Bengina makes door mats. In 2008, Bengina joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, hoping to access capital for her business. She been in business for two years and she finds contentment in the proceeds that she receives. She has regular customers and she also receives orders.
She is proposing a loan of 15,000 pesos to use as addtional capital for her business. The loan will be used to buy 55 kilos of assorted cloth, a raw material for door mat, as well as scissors. She will also use the loan to pay for her transportation expenses. She hopes that with the kind of business that she has, she can save for the future of her children and even plan to expand her business and hire a labor force.
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