Lucia owns and operates a general store and sells charcoal in the local community. The couple also is engaged in “kaing” making business (small baskets). She has been engaged in her businesses for over three years and earns approximately 2,500 PHP a week.
In 1997, she joined ASHI to gain access to financial services to help improve her living situation and her ability to engage in entrepreneurial business activities. She has successfully repaid a previous loan from ASHI.
Lucia is requesting a new loan of 20,000 PHP, which will be used to invest in expanding her business. This loan will be her fourth from ASHI. She plans to use the additional revenue generated from the business to improve the general living conditions of her family. Having this loan will provide a chance to reach her dreams in life: to have a winning business, a good life, and financial means of supporting her family and funding the college education of her grandchildren.
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