In 2008, she joined ASHI (Ahon SA Hirap, Inc.), an MFI and Kiva partner in the Philippines, to obtain working capital to her primary business fishing. Now on her third loan, she requests 15,000 PHP to start hog-fattening as her secondary source of income. The loan funds will be used to purchase 4 piglets, feed, vitamins and pay transportation expenses. The remaining money will also be used to reconstruct her fishing business which was destroyed by typhoon ”Ondoy”.
In the future, Gloria wants to invest in their own pump boat. She hopes to have success with both businesses in order to provide quality education for her child until she finishes college. Gloria also enjoys seeing that the loan from ASHI and KIVA will change their lives and gradually allow her to touch her 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