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Yolanda
Yolanda is 47 years old; she lives with her husband and her only son, Ranjit, in a house she owns. She has been dedicating herself to bamboo set (furniture) making since she joined ASHI in 1994, but approximately 5 years ago, she also started a fishing business & fish selling, bordering her community. This is how she earns a weekly gross, and she can also count on the help of her husband and her son.

As this business has proved to be profitable, she will keep on working in this field; her aim is to increase her working capital. She will be very responsible with her payments and she is thankful to all Kiva lenders who support the loan she is requesting, which will be very useful to make her business grow. The loan will be used to buy another "bangka" (fishing boat); remaining funds will be used to purchase raw materials for her bamboo set business and increase her working capital.

The capital will fund further expansion of the family ventures to support her dreams for her family to have a decent way of life.

Yolanda is a hard-working entrepreneur, always looking for opportunities to grow. Through her daily work, she is building a better future for her family.

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
  • 253
    View loans »
    Philippines Loans Fundraising
  • $53,116,700
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Yolanda to buy another fishing boat and purchase raw materials for her bamboo set making business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2010
Listed
Jul 5, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 25, 2011