| Location: | Jala-jala, Rizal, Philippines | Repayment Term: | 14 months (more info) |
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|---|---|---|---|---|
| Activity: | Farming | Repayment Schedule: | Monthly | |
| Loan Use: | to finance fertilizer and insecticides and to buy "palay"(rice)". | Currency Exchange Loss: | Covered | |
| Default Protection: | Not Covered |
Belinda applied for a new loan amounting PHP 45,000.00 to buy fertilizers and insecticides and to “palay” (rice). She wants to buy these items in advance in order to get a lower price and to avoid borrowing money from her neighbor during the planting period. When she borrows from her neighbor, she usually pays back in rice grains after the crop is harvested which is very disadvantageous to her and her husband.
Belinda hopes that, through her loan, she and her husband can save their harvest and get a better price at market. She wants to help support her grand children's education, invest in another rice field, and build a better house for the family.
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.
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