Check out some available loans that are similar to this one!
53-year-old Rutchel M. is requesting for a loan which will enrich her dried fish and “bagoong” (fish sauce) selling business through her membership in ASHI. Through her loan, she can increase the inventory of vegetables, fruits,dried fish and fish sauce she sells in her store in the market. Together with her 53 year-old husband, this business is managed and enhanced to generate bigger profit. Profits and income of this business is maximized for Rutchel’s family daily expenses and for her only child’s financial need in college taking up Bachelor of Science in Education. As her child’s graduation approaches, expenses it requires continuously increases thus, Ruthchel’s business has to grow and profit more. Someday, when her child graduates, she will be saving her profit to be able to buy a land of their own where she can build a strong house for her family and her child’s family in the future.

Additional Information

About ASHI

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.

About Philippines

  • $7,000
    Average annual income
  • 1071
    View loans »
    Philippines Loans Fundraising
  • $63,443,175
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Rutchel will be used to pay for the inventory of vegetables, fruits, dried fish and bagoong (fish sauce) for selling business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Sep 9, 2009
Oct 6, 2009
Currency Exchange Loss:
Apr 15, 2010