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Nenita
Nenita is 58 years old and she sells dried fish and operates a fish cage business. She started her businesses since joining ASHI in 1995, as an additional source of income but they already are bringing in profit as a main source. Nenita`s weekly profit is 3,000 Php and she is going to increase it. For this reason she applied for a loan in the amount of 45,000 PHP. She says that selling dried fish and fresh fish in an open-air stall is not easy as it is very hot, therefore Nenita wishes to save enough money to construct her own booth.

As a loving mother, Nenita’s biggest dreams are always for her children and family. She wants to bring her family to a decent life. In 1995, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and a Kiva partner in the Philippines. She hoped to have access to capital to establish her businesses. Her previous loans from ASHI were carefully utilized as additional and rolling working capital for her fish cage and for selling dried fish products. The businesses are a big help for the family in covering their expenses and to set aside savings for the future.

To save for her family’s future and for supplementary income, Nenita wants to build new businesses: RTW (ready-to-wear clothes) and food preparation. Nenita wants to thank Kiva lenders who are sponsoring this loan. That is one of the greatest opportunities for her to start reaching for her dreams.

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
  • 980
    View loans »
    Philippines Loans Fundraising
  • $54,452,625
    Funds lent in using Kiva
  • 46.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Nenita to support her fish cage business and dried fish sales.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 28, 2010
Listed
Jul 5, 2010
Currency Exchange Loss:
Covered
Ended:
Jun 15, 2012