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Marianne
35 year-old Marianne M. and her family are one of the families who will be relocating from the land where they have lived for their whole lives. The owner of the said land is claiming his rights for personal reasons. Before his demand takes effect, Marianne hopes to have put up a savings fund through her transportation business. The business is managed by her husband and financed by the loan she availed from ASHI. Her membership to ASHI institution started in 2000. Since then she has received several loans, which enabled her to maintain the tricycle (motorcycle with sidecar) for hire and to support their family's needs. Marianne’s parents gave the tricycle to her and her husband so that they could have their own source of income. As this tricycle has been used since 2004, its motor engine is no longer efficient. The sidecar is also very old and has to be repainted to be able to look nice and appealing to the passengers.

Marianne and her husband agreed to request for a larger loan so that they can purchase a brand new motorcycle. The repairs to the old one would cost a huge amount of money. Some of the money will be spent for repairs and repainting of the sidecar. Marianne is hopeful that once they have all these for their business, their income will grow and she will be able to have a savings fund. She hopes to save enough money to build their own house someday on the land owned by her husband's parents. Their old motorcycle will still be operating as a rental to have more profits to support her only child’s education until graduating from college.

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
  • 1239
    View loans »
    Philippines Loans Fundraising
  • $57,800,425
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $675 helped Marianne to purchase a motorcycle and payment of the repair and repainting of the sidecar.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 4, 2010
Listed
Jun 1, 2010
Currency Exchange Loss:
Covered
Ended:
May 15, 2012