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Deomedes
A committed member of Ahon Sa Hirap, Inc. (ASHI), a Kiva microfinance partner in the Philippines since 2008, Deomedes has been a model member attending regular weekly meetings and repaying previous loans. Building her sari-sari (variety) store, Deomedes would like a loan of 20,000PHP to increase her store's inventory of goods. She is planning to purchase additional products such as rice, charcoal, and other foods for her store. Deomedes believes that offering a wider collection of goods will increase traffic and build customer loyalty in her community.

Her dreams are to provide a better future for her family, sustain the productivity of her sari-sari (variety) store, and start a savings account for her grandchildren to support their studies through college. Through hard work, Deomedes is focused on improving her quality of life through her entrepreneurial initiatives and support from ASHI and Kiva lenders.

Deomedes is married with three-adult children. She has run a sari-sari store for more than two years. Her husband, Franklino, is an electrician.

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

  • $1175
    Average annual income
  • 860
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 46.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Deomedes to purchase additional products such as rice and charcoal for her store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2010
Listed
Jun 7, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 15, 2010