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Norma
Norma M. is a 63-year-old business woman. She joined Ahon Sa Hirap, Inc. (ASHI) in 2005 wanting to start up her own business since her husband's livelihood was then unstable. Using her first loan from ASHI, she put up a small variety store that she has been able to sustain until now.



Three years ago, she used her loan for starting up a hog-fattening business (hog-raising business). Hog fattening is raising piglets for three to four months. After those months, the pigs have grown and they will be sold. Profit from this kind of business is double the amount of its capital. Piglets bought for Php 1,500 to Php 2,000 can be sold to Php 4,000 to Php 6,000 after four months. Norma started by raising two piglets. After that, the loans she accessed from ASHI were used for growing her later business. Profits she made from the hog fattening were re-invested in her variety store business.



Someday, Norma hopes to have bigger pig pen to raise many pigs for a bigger profit. Her ambition of growing her business and having more profits is because of her desire to have savings for her unemployed husband and herself in case of emergency, for she doesn't like her children to be financially bothered about them. She and her husband have been living alone together for many years since their children have had their own families.

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

  • $1175
    Average annual income
  • 316
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Norma financing her hog fattening (pig raising) and variety store businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2009
Listed
Aug 20, 2009
Currency Exchange Loss:
Covered
Ended:
Aug 15, 2010