Compared to the average expenses that a farmer should spend on rice farming, it is now a very expensive occupation because the prices of farm inputs and equipment rentals are higher than before. Eden and her husband, just like all those who had no opportunity to access a loan with low interest, would take a loan from money lenders who charge huge amounts of interest. Therefore, after harvesting and selling the rice, their profit would be very small and not even enough to support their family's basic needs.
As a consequence, Eden and her husband agreed to obtain loans from Kiva partner, ASHI, since becoming a member in 2007. Eventually, life has become easier and enjoyable for her and her family, although their business is still unstable and has not grown so well. Eden is hoping that with the loan she is requesting now, her business would improve a bit further.
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