In 2004, Annaliza joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines, with hope to rise above poverty. Her previous loans were carefully spent on her business making kaing (large basket made from bamboo) as her primary business. The business runs smoothly and returns good proceeds for her family. A portion of her loans also went to her secondary business of reselling charcoal.
Now on her fifth loan, she is requesting a loan of 23,000 pesos as additonal capital for her kaing making business and also for her secondary business. The loan wil be used to pay for 100 pieces of bamboo, 10 rolls of binder, and for transportation expanses. Also, a portion of the loan will go to her secondary business, the resale of charcoal, as addtional capital.
She is hopeful that she can earn more income to save for her and her husband's future since they have no children. She still has hopes of having a 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