Rosemarie is busy retailing a variety of small items, a business she finds very productive. She learned the business from experience and using her own initiative in dealing with costumers. The proceeds of her business are a big help to the family, especially in meeting the educational needs of the children. Now Rosemarie is requesting a loan of 19,000 PHP from Kiva partner, ASHI (Ahon sa Hirap, Inc.). She will use the loan to buy volume stocks of different goods for her retail business.
Rosemarie's ambition is that her four children will be able to finish their schooling with a degree and find stable jobs. She and her husband have also a great dream of investing in a piece of land and building a house of their own. They have rented for almost 15 years now, which is why it is hard for them to save money. Rosemarie is hoping that, with ASHI's support, there is a big possibility that they can fulfill their dreams.
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