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.
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