Angelita would like to receive a loan to purchase additional materials for her dressmaking, including cotton fabrics and other inventory. She enjoys spending the income from her dressmaking business. Profit from this kind of business is quite good compared to other businesses that Angelita has tried before. That is why she wants this to become more stable and profitable. She has been able to support the needs of her children in school and improve their life.
Angelita has been a very active member of Ahon sa Hirap, Inc. (ASHI), a Kiva microfinance partner in the Philippines, since 2006. She has been a model member demonstrating a 100% credit rating on previous loans – the basis of loans. Angelita’s dreams are for her two children to complete college. Additionally, she hopes to continue the dressmaking business as a sustainable livelihood to support her family.
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