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Nenita
Nenita Y. is Johnny’s 38-year-old wife. She is a mother of two children who range in age from one to nine. She is a member of ASHI since 2004 and has been running a variety store for a business seven years now. Years before she has an access to credit through ASHI, growing a business is yet a vision for Nenita. She has no sources for business capital then to be able to sustain the business together with the expenses her family incurs everyday. Her husband’s income being a laborer is sporadic thus Nenita’s profit and some portion of business capital were used for family expenses. Thereafter, through a loan Nenita had from ASHI, she has had grow her business making it to profit bigger. From a variety store business, Nenita has able to put up another business which is mini restaurant and videoke (video with karaoke sing a-long) bar in their village out of her profits. Her costumers in the restaurant and videoke bar are also her costumers in her variety store. Her videoke bar and restaurant are people means of relaxation and family bonding. In here, family members sing together and eat together.
Nenita is requesting for a larger amount of loan to improve her variety store business to be able to meet the demands of her costumers. She wants to make sure that once her costumers are inside the premises of her business, their needs are met.

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
  • 357
    View loans »
    Philippines Loans Fundraising
  • $52,140,475
    Funds lent in using Kiva
  • 48.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Nenita will be used for an additional capital for growing her variety store business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2009
Listed
Sep 6, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010