Imelda would like to receive a loan of 30,000 Philippine pesos (PHP) to increase her inventory of rice, tocino (sweetened cured pork), hot dogs, ham, skinless chicken, pork, embutido (meat loaf) and other frozen food products. Imelda believes that this loan will help to grow her business and drive increased revenue.
Imelda has been a proud member of Ahon Sa Hirap, Inc. (ASHI), a Kiva microfinance partner in the Philippines, since 2005. She is a devoted member demonstrating regular attendance at weekly meetings and stable repayments on previous loans. Her long-term goals are to maintain the profitability of her business and support the education of her children. Imelda is hopeful that her buying and selling business ventures will continue to grow and improve the overall standard of living for her entire family.
Ahon sa Hirap, Inc. (ASHI) has the distinction of being the oldest existing replication of the Grameen Bank approach (GBA) to deliver credit to the poorest of the poor in the Philippines. With its outstanding achievements over the years, it has become one of the role models for credit delivery to the poor in the country.
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