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Elena
Elena and her husband Gregorio are blacksmith manufacturer since 20 years ago. This is the kind of business that enable them to send all of there eight children to school. Three are college undergraduate, three presently are still studying in college, one in high school and the youngest in elementary. Expenses they had for the education of their children and for their basic needs has disabled the growth of the business, however they tried there best in maintaining it.
Eight months ago, Elena decided to join ASHI for a financial assistance. She had loan then to be used for financing her business and for supplementing its growth. Now, she had repaid the whole amount she loaned on time and she requests for another loan larger than the first she had for the same purpose in addition of hog fattening business. With hog fattening she doesn't need to buy piglet to be raised since she is also breeding pigs. Profit with this kind of business is as much double of its capital after four months of raising. Someday she wants to have her own blacksmith shop in public places for more costumers.

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
  • 1169
    View loans »
    Philippines Loans Fundraising
  • $54,791,700
    Funds lent in using Kiva
  • 48.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Elena will be used to finance her blacksmith manufacturing business and a small portion will be used to finance her hog fattening (pig raising) business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 12, 2009
Listed
Aug 25, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010