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Lorina
At her young age (33 years old), Lorina G. has become a successful businesswoman. She started her business using the loan she received from ASHI when she became a member in the year 2002. This was just small then but because of so many trials due to poverty, Lorina strived hard to make it grow and expand. Her vision of giving her three children a better future using the proceeds of her business enhanced her eagerness to explore the potentials of her business. Her husband has been so supportive to all her ventures. Looking back at Lorina’s business, now it has a lot of accomplishments. Before, her franchised fried chicken rolling store operated only in one municipality and was transported by bicycle. Now it operates in four neighboring municipalities and is transported by motorcycle. Lorina feels happy with her business achievement. However, it is not yet stable enough for her to feel financially secure. Without her a loan, her business can never grow, especially when time comes when her three children (whose ages are from eight to 13 years) are ready to go to college. Therefore, Lorina is requesting another loan in a larger amount to put up another business, which is a tricycle (motorcycle with sidecar) for transportation. She hopes that by having several businesses, she will have more income, have more savings for the future of her children, and will be able to help her other relatives by employing them to work with her in her businesses.

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
  • 1456
    View loans »
    Philippines Loans Fundraising
  • $59,291,725
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,025 helped Lorina to buy another cart for her business and a sidecar for her tricycle.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2010
Listed
Apr 12, 2010
Currency Exchange Loss:
Covered
Ended:
May 11, 2011