PhilippinesRetailFunding via SEED Center Philippines Inc. Social Enhancement for Entrepreneurial Development
PhilippinesFoodFunding via SEED Center Philippines Inc. Social Enhancement for Entrepreneurial Development
PhilippinesRetailFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Aileen joined ASHI (Ahon Sa Hirap, Inc.), an MFI and a Kiva partner in the Philippines, in 2006. Since then, she has had to acquire capital for her business. She used her first to fourth loans for the direct selling of Avon and Natasha products. It has been great for her family. The business is running smoothly and bringing in enough proceeds. Now on her fifth loan, Aileen is applying for 25,000 pesos as additional capital for her business.
She hopes that in the near future, she can build a more durable concrete house. And she also dreams of sending her children to school up to college so they can find good jobs. She is hoping to have more stock for selling for her business.
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