PhilippinesTransportationFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesServicesFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
PhilippinesHousingFunding via Community Economic Ventures, Inc. (CEVI), a partner of VisionFund International
Gaudencia thought of buying a large volume of charcoal for a wholesaling (by sack instead of per pack) business. In 2005, she joined ASHI and was able to receive a loan which enabled her to establish such a plan. Years have passed and Gaudencia continued to request loans of increasing amounts. With those loans, she has been able to sustain her business, and the proceeds of the business are used to support the needs of her family and in making a little improvement to their lives.
She now is 68 years old, yet she and her husband, who is of the same age, are still working hard to earn money and support the poor lives of their children and grandchildren. Gaudencia’s husband works in a rice farm as a hired laborer, but most of the time he partners with his wife in her charcoal business.
Gaudencia and husband really want to grow their business and make it profitable for their children and grandchildren, so that they can experience a life out from under poverty. Because of this, the woman would like to request a much larger loan through ASHI. With hopes of changing the lives of her children and her grandchildren in the future, she is determined to maintain her excellent performance in ASHI to be able to request for more loans in the future.
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