When she became a member of ASHI, the loan she received was used to start her envisioned business. She gained a lot of customers from the neighborhood and even from other villages. After six months, she had fully repaid her loan and had improved their life a little. Her second loan, with a much larger amount, enhanced further her business; however, to fully achieve her dream of having a restaurant, she needs more loans. Therefore, after just recently paying off her second loan, Maricel is again requesting a loan of 15,000 Philippine pesos. This will be used for the same purpose. Some of the proceeds of her business will be spent for obtaining her family’s basic needs, while some will be saved for her two children, whose ages are 2 and 5.
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