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Mary Grace
Even at the young age of 28, Mary Grace E. is very eager to get her family out of the shadow of poverty. She is married to Reynante E., who works as a barber in their town. They have two children: Gracian Dave, who is in second grade and Geremy, now in first grade. They have more expenses than before because of their children's schooling, so Mary Grace wants to help her husband provide for their needs. She wants her children to go to college so they can have a better life in the future.

When Mary Grace joined the Kiva field partner, Ahon sa Hirap Inc. (ASHI), in 2002, her business was already in operation. She sells a variety of beauty products, ready-to-wear clothes, shoes and a selection of bags. Recently she used a loan that she received from them to expand her business. Now, requesting her twelfth loan, Mary Grace will use the additional capital to improve her business by offering more things for sale so that she can gain more profit. Through the years this business has been a big help to their family. Her income, added to the income of her husband from being a barber, contributes to the family in many ways.


They have another business, which is raising different animals that they can sell, especially if there is some occasion. These profits also contribute to their daily expenses, so Mary Grace will use some amount of her loan to buy animals to raise, like chickens.

Aside from her dream that her children finish their studies, Mary Grace also wants to save for the renovation of their house to a much more comfortable and sturdier one. Of course it is because she wants her family to experience a better life that she works so hard.

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
  • 507
    View loans »
    Philippines Loans Fundraising
  • $51,053,400
    Funds lent in using Kiva
  • 46.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Mary Grace as additional capital to expand her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 14, 2009
Listed
Oct 20, 2009
Currency Exchange Loss:
Covered
Ended:
Nov 15, 2010