In 1997, Josefina joined ASHI to gain access to financial services to help improve her living situation and to have the ability to engage in business activities. Josefina has successfully repaid a previous loan from ASHI and she received a 100% credit rating. This previous loan was used to purchase livestock feed and other supplies.
Josefina is requesting a new loan of 44,000 PHP which will be used to purchase livestock feed and additional piglets so she can earn more revenue. This will be the tenth loan taken out by Josefina from ASHI. She plans to use the additional revenue generated from the business to improve and expand her business. This will allow Josefina to grow her hog raising business further so that her four children can fulfill their dreams of managing their own business someday. Josefina wants to give her family a decent life.
Josefina's long term goal is to continue to build her secondary fishing business. She wants to purchase additional raw materials for her fishing business so she can expand it. This will allow her to sell more fish in the local community and in the surrounding neighborhoods. She also hopes to have successful pig farm someday.
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