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Josefina R. is a busy entrepreneur managing her fishing and sari-sari (variety) store businesses. Her previous loan from ASHI provided working capital to expand her businesses by purchasing additional fishing materials and more foodstuffs for her store. With the loan, she noticed that her monthly income has almost doubled since she has attracted new customers with the additional inventory.

Josefina joined Kiva’s partner ASHI in 2002, attracted by ASHI's lower interest rates and range of loans for business, education, and home repair. Prior to joining ASHI, Josefina had no access to capital to support her entrepreneurial dreams.

Positive growth from Josefina’s businesses has helped her fund the education of her children. Since joining ASHI, she has experienced positive changes in her life. She hopes her businesses will continue to flourish so that she can provide longterm financial stability for her family.

Josefina’s fishing business also contributes income and that’s why, even if sometimes selling fish is hard to do, she never gets tired of doing it. Therefore, she is now requesting another loan for the much larger amount of 45,000 PHP to purchase other fishing materials and to support the maintenance of her sari-sari store. This will allow her to grow her businesses further so that her children can fulfill their dreams of completing college degrees and experience a life that’s full of happiness.

Josefina’s family feels very happy with the loan that improved their lives. She continues praying and wishing all lenders all the best and good luck and hopes they will continue to support poor families like hers, who want to improve their standard of living.

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
  • 1854
    View loans »
    Philippines Loans Fundraising
  • $61,010,950
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Josefina to purchase other fishing materials and to support the maintenance of her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 10, 2010
Jun 4, 2010
Currency Exchange Loss:
Dec 15, 2010