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Lourdes
A 57-year-old Lourdes T. is a quiet type of person yet a very responsible wife, mother, and business woman. Despite her many insecurities brought about by poverty, she remained strong and determined in changing her family’s way of living. Even though she failed to achieve her dream of graduating her two eldest children from college, she doesn’t see it as a reason not to dream anymore. As a matter of fact, she joined ASHI just recently requesting for a loan wanting to start up a “sari-sari” (variety store) business which will be managed by her to support her youngest the education in college of daughter whose age is 20 years. The said store will be located in her own house and her customers will be people around their small village. Her husband who is a farmer understood where Lourdes’s aspiration of having her own business came from. Being a farm laborer, income is sporadic and very small. Therefore, he is giving all his support to Lourdes and like Lourdes, he wishes that the business will become successful.

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
  • 1228
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $125 helped Lourdes to finance starting starting a "sari-sari" (variety) store business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 2, 2009
Listed
Dec 24, 2009
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2010