Check out some available loans that are similar to this one!
Meriam
Meriam M. is 31 years old; she is 3 years older than her husband Joaquin M., who is now working as a welder. They have one daughter, Janna Marie, 5 years old. Aside from the revenue of her husband from being a welder, they also run a fishing business. They decided to start this kind of business because their house is near the sea, so it is very accessible for them. The business has been running for one year and a half and they work hard to make it so that it will run for long years ahead. Also Meriam manages a sewing business that contributes to their income.



When she joined Kiva field partner Ahon sa Hirap Inc. (ASHI), Meriam used her loan as capital to start the fishing business, but during typhoon Ondoy it was slightly damaged. So her 4th loan will be used again for this business, for its improvement. She will buy the things needed by her business such as various fishnets, accessories for the fishnets, fingerlings (small fish), and it will also be used for payment for a laborer. She is hoping that it will become more productive this time, and later on they can save so that she can buy her own sewing machine.



Meriam wants her child to finish her studies until college; that’s another reason why they want to save. And also she wants to build a new house because like their fishing business, their house was also destroyed by the typhoon.

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
  • 961
    View loans »
    Philippines Loans Fundraising
  • $53,431,325
    Funds lent in using Kiva
  • 47.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Meriam to finance their fishing business.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2009
Listed
Nov 9, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010