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Erma
Erma C. feels blessed in having her own business as a blacksmith making knives and other metal goods. Despite the limited opportunities she has had, the business makes enough profit to combat poverty and provide her family with its main source of income. To increase their income, Erma is requesting a loan to grow her business in partnership with her loving and very supportive husband. Once she has enough capital she plans to employ people to work with them and to expand the business into other areas of the province.

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
  • 335
    View loans »
    Philippines Loans Fundraising
  • $50,801,300
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Erma to buy tools needed in her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 25, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 1, 2011