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Elena
Being born in a town where rice production is one of the most common livelihood of people, Elena and her 74 years old husband are used to be farmers since they were young. Parents of both were also farmers and that was their main source of income then. Elena has inherited a rice field from her parents however, she didn't have enough capital to maximize the land for a rice production (rice planting) business or any agriculture business. A piece of it was pawned to other people in the village to finance her only child's education until her graduation from college. In 2003, Elena decided to join Ahon Sa Hirap, Inc. (ASHI)and get a loan to finance her rice production business that had started in 1999. She also dreamed then to get back the land they pawned.

Eventually after Elena's seventh times of loaning from ASHI she has able to have savings and have made their farming business grew. Her 35 years old only child who lives with her and her husband has been so supportive to her. Her loan presently which is intended for getting back her pawned land and finance her rice production business, is supported and agreed upon by her family. They promised each one that they will be helping each other for Elena to be able to payback her weekly payment in ASHI on time.

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
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Elena getting back a piece of riceland they pawned to other people and also to finance her rice production business.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2009
Listed
Aug 17, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 25, 2011