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Concepcion
At the age of 55 years old, Concepcion F. wants to start a savings fund for her old age. She can’t depend on her children for all her needs as well as her husband’s needs in their older years, because she is aware of the economic conditions of having their own family.

Her two older children are employed as a hired farmer and as a hired laborer whose incomes are small and sporadic. Concepcion wants to support them and their children financially. She really hopes that someday her grandchildren will be able to have a life that is much better than what they are having now. Concepcion’s two younger children have no family yet, and they depend on all of their needs to be supported by their parents. They are unemployed because of the fact that either they did not finish college or that they never reached college level.

With all the challenges Concepcion and her family are facing everyday of their lives, she never loses hope that one day all of them will be out from under the umbrella of poverty. Starting to reach her goals, she raises pigs for selling after four months, either alive or slaughtered. This is financed by the loans she receives from ASHI where she has been a member since 2008.

Proceeds from her business have changed the kind of life experienced by her family. Concepcion is very happy for this; thus, she wants to continuously request larger loans to grow her business and sustain its operation.

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

  • $7,000
    Average annual income
  • 1466
    View loans »
    Philippines Loans Fundraising
  • $59,362,100
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $325 helped Concepcion to purchase piglets and feed for fattening and selling.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 22, 2010
Listed
Jul 7, 2010
Currency Exchange Loss:
Covered
Ended:
Jul 25, 2011