Growing a business without access to credit was hard for Cecilia since both she and her husband have no other business for a source of income. This became worse when her two children had to go to college.
Wanting to sustain the education of her children in college, Cecilia had to make her business profitable by growing it. Thus, she decided to join ASHI to be able to have access to additional capital.
From then on, Cecilia’s business started to grow until the time has come when Cecilia now has to request a larger amount of capital. She has to increase the volume of the various fish she buys and sells in her fish stall in the municipality’s public market.
Someday, Cecilia wishes that, out of the profit her business makes, she will be able to purchase a vehicle to be used in her business for selling and buying a larger volume of fish in far off places.
Cecilia is so happy for having loans for her business because her profits have enabled her to send her two children to college. Her eldest is a commerce graduate while the second child is a college undergraduate. Whatever life they will be having in the future, Cecilia will be very happy to turn over her business to her children someday.
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