To make a good living, Priscilla is a soft drinks dealer in her community. She has been in this business for nine years. She joined ASHI, a micro-finance institution and Kiva partner in the Philippines, in 2007. During the course of her membership, Priscilla has been a good performer: valued for her attendance at center meetings, repayments and business. She is now applying for her fourth loan, this time for 25,000 Philippine pesos, to obtain additional inventory of soft drinks. She is positive that with access to additional working capital through ASHI and Kiva, her dreams of an expanded business will be achieved.
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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Success!! The loan was 100% repaid