Check out some available loans that are similar to this one!
Ma. Magdalena
Ma. Magdalena B., 31, is married to Edison B.. They are blessed with two children: Mark Edison, 9, is in grade 4 in primary level, and Mark Joseph, 5, is in the nursery level. According to Ma. Magdalena, the expenses for the schooling of their two children is not much right now. However, she wants to save early for their future needs in school. Hence she is pursuing her sewing business, which is their main source of income. She has been running this business for two years with help from her husband, who is also a sewer. With both of them working, they hope to increase their income.

When she joined the Kiva field partner Ahon sa Hirap Inc. (ASHI), she used the loan as additional capital for her business; now she will do the same. She plans to use the loan to buy one sewing machine, which is a five threads machine. She really needs this machine for her sewing business. She thinks this machine coupled with their perseverance will make their business more productive.

Ma. Magdalena’s dream is to continue to run her business and have more sewing machines, so that she can help their neighborhood who has no source of income for employing them as sewers. And if her business will grow, her family will be benefitted the most, as she can save for the future of her children.

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

  • $1175
    Average annual income
  • 1309
    View loans »
    Philippines Loans Fundraising
  • $56,485,200
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Ma. Magdalena additional capital for her sewing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 23, 2009
Listed
Oct 10, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010