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.
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