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Folrenia
Florenia is a very productive mother and grandmother for her children and grandchildren. Previously, she sold pigs that she fattened and has able to help her children support the education of her grandchildren. Out of her profit she bought another pig to replace the one she sold. Furthermore, Florenia has able to sustain her variety store whose profits have provided her with her daily needs until now.

For a hard working "Lola" (grand mother) and "Nanay" (mother), her dreams would mean nothing if not because of the support of people around the world through Kiva and if not because of their loan entrusted to her through ASHI. With that, Florenia is so thankful for the opportunity extended to her and her family. Since she repaid the whole amount she received from Kiva through a previous loan, now she is requesting a much larger amount, which she will use to purchase another pig/hog for fattening in addition to the one she has. Once it is sold, her profits will doubled, as will the capital. The pigs can either be sold alive or slaughtered to meat vendors or people around their village.

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
  • 1001
    View loans »
    Philippines Loans Fundraising
  • $54,483,000
    Funds lent in using Kiva
  • 46.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Folrenia to purcahse additional pigs for fattening and their feed until they are ready for sale.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 11, 2010
Listed
Mar 8, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 1, 2011