Check out some available loans that are similar to this one!
Adelaida
Adelaida S. is a 55-year-old hardworking and ever supportive mother for her five children who range in age from 11 to 24 years old and her husband who is a farmer. Having been living under the umbrella of poverty since birth until she has her own family, Adelaida believed that her patience and industry in running a business through the opportunity to access credit will change the lives of her children. Therefore, in 2009 Adelaida joined ASHI and used the loan she had received to raise hog/pig. After four months of raising or fattening, pig will be sold either alive or slaughtered for its meat to be sold per kilo. Out of her loan then, she was able also to support her husband’s fishing business. The thought of her five children especially those three who were elementary and high school undergraduate in addition to her youngest two who were still studying in elementary and high school, gives her courage to request for a larger amount of loan and be willing to take risk in growing a business. Adelaida said that without her loan, supporting the financial requirement of her business to expand and increase the profit would be impossible. For her this means that her dream for her children to graduate from college and for their lives to be changed would mean nothing.

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
  • 1463
    View loans »
    Philippines Loans Fundraising
  • $59,150,875
    Funds lent in using Kiva
  • 46.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $175 helped Adelaida will be used as a payment for purchasing piglets for fattening and sacks of rice for selling.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2009
Listed
Oct 13, 2009
Currency Exchange Loss:
Covered
Ended:
Apr 15, 2010