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Josefina
Sixty-three-year-old Josefina D. is one of the oldest members in one of the ASHI centers. As a member for 10 years, she has able to establish good rapport with her co-members and has proved herself worthy of a loan. She runs a small variety store financed with the loans and has able to make profits which she use to support her family and to make payments to ASHI on time. Josefina’s children already have their own families but she and her husband never felt alone because her business keeps them busy every day, and one of her grandchildren lives with them. They are paying this grandson's college fees.

Josefina’s requested loan will be used to sustain her business and increase her profits so she can continue to support her grandson’s education until he graduates from college and ready to have his own career. For herself and her husband, she is hoping that one day they will enjoy the fruits of their hard work by seeing their business stable and established.

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
  • 1541
    View loans »
    Philippines Loans Fundraising
  • $56,687,750
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Josefina to purchase additional inventory and working capital.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 2, 2010
Listed
Jun 9, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 30, 2011