Check out some available loans that are similar to this one!
Ofelia
45-year-old Ofelia G. has been dreaming of a better future for her seven children who range in age from four to 13 years old. She wants to build a better house for them and be able to sustain their education until they graduate from college. However, depending on her husband’s sporadic and small income being a farm laborer and a fisherman, her dream would be out of reach. That realization led her to ASHI.

In 2008, along with the aspiration she had in her heart and mind, G. joined ASHI and requested a loan to start her own hog fattening (pig raising) business and to support her husband’s fishing business. Proceeds she had then have enabled her to pay back on time the total amount she had borrowed. Now ASHI and its partners trust her even with a larger loan. Most importantly, she has started a business, which will be a great source for financial assistance in reaching her dream. Now, with a much larger loan, she will be growing her business and her husband’s business.

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
  • 305
    View loans »
    Philippines Loans Fundraising
  • $50,732,625
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Ofelia to purchase piglets for fattening and materials for making fishing gears.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2009
Listed
Oct 14, 2009
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2010