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Leoncia
Leoncia C. wishes to find a way to improve her family's quality of living. For this motivation, she joined Kiva and felt very happy to be given a loan and group support. The previous loans she received enabled her to support her husband’s fishing business, maintain her general store and canteen eatery. The profit from these businesses has been the main source of family income and funding for the education of her four children in college. Now that Leoncia has access to funding, her profits are better than before. Therefore, she is now requesting another loan through Kiva for a much bigger amount to purchase fishnet, bamboo, and other raw materials of her fishing business and pay for 120 sacks of charcoal for maintenance of her store . This will allow her to grow their businesses further so that their children can fulfill their dreams of achieving college degree and find good jobs.

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
  • 967
    View loans »
    Philippines Loans Fundraising
  • $54,434,500
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Leoncia to purchase fishnet, bamboo, and other raw materials of her fishing business and remaining money will be use to pay for 120 sacks of charcoal for maintenance of her store.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2010
Listed
Apr 2, 2010
Currency Exchange Loss:
Covered
Ended:
Mar 15, 2012