In 2006, Gloria joined ASHI (Ahon sa Hirap Inc.) a micro-finance institution and Kiva partner in the Philippines. As a member of the Institution for almost four years, she has shown an excellent performance in her credit rating (the basis of loans) and therefore she has been trusted by ASHI to obtain several loans.
Gloria has operated a variety store for almost five years but, because of insufficient income from her retailing of small goods and her husband’s earnings, the couple has decided to start a fishing business. She is requesting a new loan of PHP 20,000 to purchase fiberglass, fishing net, materials for the boat, and to pay transportation expenses.
Engaging in this kind of business will help to provide additional proceeds to give the best of life to Gloria’s family and develop their standard of living.
Gloria dreams of growing her variety store into a mini-grocery store and expanding it in their barangay (village). She also dreams of owning more fish cages to raise more fish to sell. She hopes that both businesses will be the source of stable income to sustain the needs of her family and to send her two children to school until they complete a degree.
Gloria’s greatest dreams are to get out of the spiral of poverty and live happily ever after.
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