When she became a member of ASHI, she started her own business of doing manicures and pedicures to help her husband with another source of income. All throughout the loans she received from ASHI since she became a member, there was never a time that she had a problem in repayment because she knows how to budget her finances for the business and family.
During harvest, some of the profit from her rice selling was saved and some was reinvested in the business along with the loan she requested to grow her business further. Her daily income out of her manicure/pedicure business is used to pay her weekly amortization in ASHI. Most of the time her profits are less than the expenses, so the loans Rosalinda takes from ASHI are a great source to reinforce her capital.
Now that Rosalinda’s children are at a higher education level, they need a larger amount of money for their educational expenses. Therefore, with her and her husband’s broad experience in running their rice planting business, she would like to grow it further. However, she needed a larger amount of capital. To address her problem, she would like to request a loan from ASHI. Rosalinda also hopes that she will have a good harvest and favorable profits so her younger children can graduate from college, unlike her eldest who is now 20 years old.
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.
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Success!! The loan was 100% repaid