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Rosario T. has provided for her family by operating a sari-sari (variety) store for more than 12 years. Sari-sari stores basically sell small quantities of various foodstuffs, grocery items and beverages. “Sari” is a native word for variety. This is 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. Such stores are convenient for people in the village who live far from the market place. The profit from this business has been the main source of family income. Now that Rosario has secured access to working capital, her profit is better than before. Rosario is now requesting another ASHI loan through Kiva for 35,000 PHP to purchase additional inventories of foodstuffs for her store. This will allow her to grow her business further so that she can support the educational needs of her six children until they complete college.

Rosario is hopeful that her sari-sari (variety) store will generate steady profits to improve her financial stability and give a better life for her family in a decent way. Rosario’s biggest dreams are to manage a full-fledged mini-grocery store someday and ensure the happiness of her family. She believes this opportunity will give her the confidence to succeed while helping her family rise out of poverty. The financial opportunity of her store is one of the best ways to help provide for her family and lift it out of poverty.

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
  • 871
    View loans »
    Philippines Loans Fundraising
  • $63,374,250
    Funds lent in using Kiva
  • 45.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $775 helped Rosario to purchase the inventories of foodstuffs for her sari-sari (variety) store.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Jul 22, 2010
Aug 20, 2010
Currency Exchange Loss:
Jul 15, 2012