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.
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