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Sylvia
Sylvia L. is one of the very active members of ASHI. She is 50 years of age and is blessed with four loving and supportive children whose age range is from 11 to 24 years old. Despite poverty and a difficult way of surviving, Sylvia still feels happy and courageous because of the love and inspiration her husband (named Joyce) gives her all the time. He works as a village policeman and is receiving a small honorarium every month. They would not have been able to cover the expenses of their children if not for Sylvia’s small business. She joined ASHI, a Kiva field partner in the Philippines, and thereafter she had the opportunity to request loans which enable her to support and grow her sweetened-peanut and sweetened-cashew nut-selling business.

Sylvia started with this business by selling the nuts herself in the market, but she was making only a small profit. Her customers were not as regular as before and were not purchasing large amounts of her product. After several times of receiving loans in increasing amounts through ASHI, Sylvia’s volume of production increased and her business became capable of supplying the demands of her customers.

She wants to expand even further, especially now that she is supplying three stall owners in the market who sell “pasalubong”, which in the English language means a souvenir or homecoming present (a Filipino cultural tradition). Consequently, Sylvia would like to request a much larger loan this time from Kiva through ASHI.

The proceeds from her business will be spent for her children’s education, which is the only reason for her continued determination. Sylvia believes that through her business the lives of her children will be different from hers and her husband’s.

Additional Information

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.

About Philippines

  • $7,000
    Average annual income
  • 1102
    View loans »
    Philippines Loans Fundraising
  • $57,635,625
    Funds lent in using Kiva
  • 46.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Sylvia to buy large volumes of peanut and cashew nuts to sell.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2010
Listed
Feb 19, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012