She dreams of getting out from the spiral of poverty. In 2006, she joined ASHI(Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines with hope of having access to capital to start a business. Before, she and her husband are partners in their business the bamboo set making. But considering their age, the business is quite tiring and laborious. When she received her first loan from ASHI, she constructed a fish cage in the lake. That was four years ago already. Now her business is getting bigger and brings her good income.
Now on her 4th loan, she proposes a loan of 18,000 pesos as additional capital for her fish cage business. The loan will be used to pay for 2 fish cages, renovation and repair of her other fish cages, 30 pieces of bamboos and labor expenses.
She is looking forward that with the trend of fishing as main source of income in the island is in demand; her business will grow and will bring her enough income for her family. She dreams of sending her younger children to school until they finish college.
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