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Margie
Margie hails from the busy town of Cardona in the Rizal province in the Philippines. She is 29 years old and married to a construction worker. She has three children to take good care of. She is young and full of the energy needed to run a business.


With her desire to start a business, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, in 2008. With her first loan, she started a business making doormats. The business is going well.


Now she is about to receive her second loan of 10,000 pesos as additional capital for her business. The loan will buy 20 kilos of assorted cloth, scissors and cover transportation expenses for doormat making.


Margie hopes to make her business grow. She also dreams of sending her children to college and wants to buy a house and lot of her own.

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
  • 1433
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 48.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Margie buy cloth, scissors to weave doormats.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2009
Listed
Jul 30, 2009
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2010