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Luisa
Luisa A. is a native of the island village of Talim Binangonan, in the Rizal province of the Philippines. She is a courageous mother who hopes to rise from poverty. She is 62 years old and married to Leon, who is 62 years old and a fisherman. She has 5 children, between the ages of 27 and 43, none of whom finished their studies in college due to poverty. The income from the business has been insufficient to provide for further education for her children beyond high school.

Luisa's biggest dream is to raise the family's standard of living. She wants to give her family a refined life. She has been in the fishing business for almost 44 years. The sales seem to be profitable and sound, and she desires to invest more in the business.

In 2007, she joined ASHI (Ahon SA Hirap, Inc.), an MFI and KIVA partner in the Philippines, with the encouragement of having access to more capital for a larger income. She is requesting a loan of Php 20,000.00 as additional capital for her fishing business.

Luisa is hopeful that her business will grow and that she can earn more income. She would like to save money to help fulfill their dreams to support her children to have a good life and to send her grandchildren to school to finish college, something she failed to provide for her children. Her children are a big support to Luisa and she also believes that her grandchildren are the hopes of their future dreams.

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
  • 1215
    View loans »
    Philippines Loans Fundraising
  • $54,909,650
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Luisa purchase of fish nets, ropes, sinkers, bamboo to expand her business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2009
Listed
Dec 1, 2009
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2010