Anita is engaged in the resale of 'kaing' (big fruit baskets) and charcoal. She has been doing the resale business since she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, in 2007. She buys charcoal and 'kaing' from the makers and re-sells it. She says, the business brings her in enough income to augment their standard of living and to sustain their daily needs. She wants to invest more in the business.
Now on her 4th loan, she proposes to borrow 20,000 PHP as additional capital for her business. Specifically, the loan will fund the purchase of ready-made 'kaing', 50 sacks of charcoal, and payment for labor and transportation expenses. Anita has regular customers already and charcoal is easy to sell because it is commonly used by households in the cooking of foods.
Anita is optimistic that her business will grow and can help her reach her dreams. She aspires to expand her business for greater income. She also dreams of sending her child to school until she finishes college and finds job. She also hopes to be able to build her own 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