In 1995, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines, with hopes of having access to capital to start a business. Her previous loans were prudently utilized as rolling capital on her business of basket making made from bamboo. The business was tiring, laborious and time consuming considering her age. That is why, just recently, she shifted and ventured into a new business: the resale of charcoal and dressed chicken.
Now on her tenth loan, she requests loan of 45,000 pesos as additional capital for her primary business of reselling charcoal and dressed chicken. Specifically, the loan will use to pay for 200 sacks of charcoal and 100 kilos of dressed chicken plus labor and transportation expenses.
She is hopeful that her business will grow and may have space in the market. She also dreams of helping her grandchildren in their school fees and to save for her youngest daughter since she is a special child.
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