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Alma
Alma T. is a 39-year-old business owner. She is married to Armando, age 41, and has one son and one daughter. She lives in the busy town of Jala-jala in the Rizal Province of the Philippines. She is the living picture of a mother whose dream it is to give her children a decent life.

Alma joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, in 2001 with dreams of acquiring capital for her planned reseller business. She has been in the reseller business for nine years now. It brings her enough earnings and continues to grow and she wants to further invest in her business.

Alma proposes an amount of 45,000 pesos for her 9th loan to use as additional capital for her business. Specifically, the loan will be used to pay for 15 sacks of commercial rice, sacks of rice grains, and sacks of charcoal all for resale. She dreams of expanding her business. She also aspires of having a personal restaurant and a car for service. Also to send her children to school until they finish college and find jobs.

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
  • 978
    View loans »
    Philippines Loans Fundraising
  • $54,509,700
    Funds lent in using Kiva
  • 48.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Alma to buy for rice and charcoal for resale.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2009
Listed
Sep 1, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010