Remedios is requesting a new loan of 19,000 PHP which will be used to invest in expanding her business. This loan will be her fourth from ASHI. She plans to use the additional revenue generated from the business to improve her family's general living conditions. Having this loan will provide a chance to reach her dreams in life: to have a growing business, a good life and the financial means to support her family and fund her grandchildren's college education.
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.
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