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Marilyn
Marilyn L. hails from the island village in the town of Binangonan, Rizal province in the Philippines. She is 42 years old, and married to Alfredo, who is a 41 year old carpenter. She is a mother to four girls. All of her kids are still in elementary grades. She wants to bring her children out of poverty, and hopes for a better life for them.

In 2003, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, with a bagful of dreams to alleviate her family's poverty. She used her previous loans for various businesses, but now realizes that she needs to focus on a single business in order to excel. With her talent and two year background in sewing, she decided to focus on sewing, and she finds it very productive. She even receives and accepts orders from students for their school uniforms.

The sewing business brings her enough income for her family's needs. Now on her 8th loan, she is proposing to borrow a loan of 25,000 Pesos as additional capital for her sewing business. Specifically, the loan will be used to pay for one sewing machine that costs 9,000 pesos, 30 kilos of assorted cloths, sewing machine oil, needles, and labor.
She hopes that her business will grow and she is planning to expand it and hire manpower for easier and faster production. She also aspires of providing her children with a decent life. She also wants to renovate or repair her house so that it is a more spacious and durable one.

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
  • 1342
    View loans »
    Philippines Loans Fundraising
  • $57,861,200
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Marilyn to buy one sewing machine, 30 kilos of assorted cloths, sewing machine oil, needles, and labor.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 23, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010