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Mercedita
Mercedita is 51 years old, married with one son, and lives in the province of Rizal with her husband. To supply additional income for her family, Mercedita has been buying and selling fish for almost fifteen years. Her husband, Marceliano, is also involved in the fish-selling business and works closely with Mercedita in Rizal.

Mercedita would like to receive a loan to purchase additional supplies for her business, including a fish cage, bamboo, netting, and bait. Mercedita believes these purchases will increase her fish inventory and drive increased monthly revenue. A proud member since 1999 of Ahon Sa Hirap, Inc. (ASHI), a Kiva micro-finance partner in the Philippines, Mercedita has been a dedicated member demonstrating regular attendance at weekly meetings and steady repayments on previous loans.

Her long term goals are to maintain the profitability of her business, invest in a new home, and support the education of her son. She hopes that he will have children one day so she can support the college education of her grandchildren.

About ASHI: Ahon sa Hirap Inc. (ASHI) has the distinction of being the oldest existing replication of Grameen Bank Approach (GBA) to credit delivery to the bottom poor in the Philippines. With its outstanding achievements over the years, it has become one of the role models in credit delivery to the poor in the country.

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

  • $1175
    Average annual income
  • 296
    View loans »
    Philippines Loans Fundraising
  • $52,723,450
    Funds lent in using Kiva
  • 46.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Mercedita to buy supplies for her business including a fish cage, bamboo, net, and bait.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 15, 2010
Listed
Feb 21, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2011