Mitos has the talent of sewing. She is known to their village as a good sewer and she receive orders for her sewing services. Sewing is her primary business and she needs capital to sustain its operation. In 2008, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, with hopes of having access to capital. She used her previous loans as rolling and additional capital for her sewing. She has been in the business for almost six years.
Now on her third loan, she seeks 10,000 pesos as additional capital for her sewing business. Specifically, the amount will be used to pay for a sewing machine worth 5,000 pesos and for assorted cloth and threads. She is hopeful that her business will grow and she even dreams of expanding it and to later hire workers. She also aspires to send her children to school until they finish college and to have a more spacious and comfortable house.
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