She is an expert in the house rental business, since she has a house in the city and a family is renting it. She receives payment on a monthly basis. The business is good but sometimes she has encountered problems, especially when the lessee could not pay her rent payment for a month. She needed to think of another business to support her house rental business.
In 2002, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines, with dreams of having capital for her planned business of reselling items. She has been doing the resale business for two years already. The business brings her enough proceeds and seems to be growing. She wants to invest more in her resale business.
On her ninth loan, she requests an amount of 40,000 pesos as additional capital for her resale business. Specifically, the loan will be used to pay for ten sacks of commercial rice, 45 cases of assorted soft drinks, five sacks of sugar, and ten gallons of cooking oil; all for resale.
She dreams of expanding her business. She also aspires of building an additional housing unit for rent and of course to send her children to school until they finish college and find jobs.
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