With her desire to overcome poverty, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, in 2009, with a bagful of hope of gaining access to capital for her dying business. When she received her first loan, she carefully invested it as additional capital in her fishing business. She has fish cages where small fish are cultured until they are ready to harvest.
Now on her 2nd loan, she wants to invest more in the fishing business. She is requesting a loan of 10,000 PHP to pay for fish nets, ropes, bamboo, and labor in making fish cages. She is positive that her business will grow and could bring her enough income to save for her children's future. She dreams of having a more spacious and more durable house to live in, and also to send her children to school until they finish college and find jobs.
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