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Rhenee
Rhenee P. believes that poverty is not a hindrance to one’s success. Being a member of ASHI, Kiva's field partner in the Philippines, she feels privileged for having such great help. Through the financial assistance offered by the institution, she has been able to start an inland fish culture and has the ability to support her rice farming business. Proceeds from these businesses have been the source for Rhenee’s family to obtain their basic needs and improve their quality of life; at this point, their only 13-year-old child is not yet incurring a large amount of money for his education. However, Rhenee still wants to save some of her profit to be able to send her child to a high standard school for good quality education in college. With her husband partnering her in the business, Rhenee is requesting a larger loan to purchase materials for manufacturing a “balsa” (raft) to be used for fishing and to increase the volume of fish they farm. In so doing, they will be able to supply their customers' increasing demands and increase their profit.

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
  • 1050
    View loans »
    Philippines Loans Fundraising
  • $57,661,375
    Funds lent in using Kiva
  • 45.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Rhenee to purchase materials for making a raft for fishing.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 23, 2010
Listed
Apr 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 11, 2011