Teresita will use the loan to buy more ingredients of her ice cream products, so she needs more capital to meet the demand of her customers in the local area where she sells her ice cream. She is pleased because, in the past, she has managed to utilize the loans to invest in her business.
With working principal Teresita’s business will keep on growing and she will be able to give pleasing service to her regular customers. Through the support of KIVA lenders, Teresita hopes to see herself and her family soon improve their quality of living and move away from under the twist of being poor.
Teresita’s long-term goal is to have an ice cream booth a few years from now so that she can give an opportunity of employment to others, specially her extended relatives in their barangay (village). Teresita hopes to maintain a long-term, sustainable ice cream business.
During the course of her membership in ASHI, Teresita has been a model member, dedicated to managing her family’s operations.
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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