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Thelma
44 year-old Thelma O. has been an active member of ASHI since the time she joined. Despite the interest rate ASHi charges her for the loans she has received, she was inspired by the fact that she had a means of financial assistance which enabled her to have and grow a business.

Aside from ASHI, no one in their village would have entrusted a loan to someone as poor as she was because her capacity to repay was doubtful. Therefore, Thelma’s dream of uplifting her family’s standard of living in that case would have been hampered.

When Thelma started receiving loans from ASHI, she and her husband had been selling fish. The profit from this is her family’s main source of cash flow. Though it is not yet large, Thelma and her family are happy about it because their lives have improved a bit. She was able to support the education of her only child in elementary school and she hopes that by growing her business further she will be able to support her child’s education until she graduates from college.

With this intention, Thelma is requesting a much larger loan from Kiva through ASHI. Her husband is supporting this decision of hers and is also excited to help her grow their business as well as their profit so that they can have savings for their future needs.

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

  • $7,000
    Average annual income
  • 1448
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 45.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Thelma to purchase a large volume of fish to sell.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 17, 2010
Listed
Mar 15, 2010
Currency Exchange Loss:
Covered
Ended:
Feb 15, 2012