Before, Magdalena had no stable source of income, but when she became a member of Kiva field partner, Ahon sa Hirap Inc. (ASHI), she started her pig-raising business. She used the loan that she received in starting this business. Also she started a rice-retailing business because, in their place, most of her neighborhood can’t afford to buy a whole sack of rice. Instead, they can buy it on a retail basis (per kilo). In that way Magdalena can help her family because of the extra income while she also helps her neighborhood.
Now, Magdalena wants to use her second loan in ASHI to buy things that are needed for the improvement of her two businesses. She will buy a sack of rice, another piglet to raise, and the different pig-feeds and vitamins.
Magdalena hopes that her businesses become stable and that they will give them enough income for their big family. Most of her children now have their own families but two of them don’t have. She wants them to finish their studies so that their standard of living will change.
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