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Elena
For a hospitable woman like Elena C., gaining a lot of customers for their blacksmith business isn’t hard. It is meeting their increasing demands and the need to expand plus the increasing financial needs of her family that worries her.

For this reason, Elena and her husband decided to request a much larger loan through ASHI. Once their blacksmith shop becomes stable, in addition to her hog-breeding business, Elena believes that they will also be able to sustain the education of their children who are in college and will improve their standard of living.

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
  • 1250
    View loans »
    Philippines Loans Fundraising
  • $57,844,575
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Elena to purchase more materials for manufacturing bolos (large single-edged knives) and other knives.
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