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Milagros
Milagros G. started to expand her hog-fattening business when she joined Kiva partner ASHI in 2007. Although her business was started five years ago, business growth was difficult because her income from selling rice, along with her husband's income, was insufficient to meet the needs of their three children. At that time, her youngest child, who is now 23, had stopped schooling while her second child was in high school and the youngest was in elementary school. Two years ago, her second child also stopped schooling. Despite her children's low level of education because of poverty, a vision of giving her children a better future gave Milagros the courage to join ASHI.


After becoming a member of ASHI, Milagros was able to get a loan for use as additional business capital. She has had two previous loans and is now applying for her third. From her business profits, Milagros was able to pay back her previous loans on time and was also able to meet her family's basic needs. Her future hope is that her business will grow to the extent that she can afford to send her youngest child, currently in school, to college, and support the rest of her children in their own endeavors.

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
  • 245
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 48.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Milagros to purchase piglets and piglet feed.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 17, 2009
Listed
Sep 5, 2009
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2010