“Sari” is a native dialect of Antiquenos for variety. This is just a small store that is either attached to the owner’s house or in a small native cottage not far away from the owner’s house. Items sold through this business bring convenience to people in the village, especially those who live far away from the town proper where the market is located.
Through the loan she is now requesting, which is twice the amount of her previous request, she plans to buy a variety of fruits and vegetables and other items people can purchase through her “sari-sari” store. By increasing the capital investment in her business, she is hopeful that she can earn more profits, which will be used to support the daily needs of her family and to improve their lifestyle little by little. Lourdes is also aiming to build up a savings fund for her and her husband’s needs when they are old.
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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Success!! The loan was 100% repaid