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Marina
Marina C., 45 years old, married to Welfredo C., is a good member of Ahon sa Hirap, Inc.- Rizal Central Branch, a partner microfinance institution of Kiva in the Philippines. Mr. and Ms. C. were blessed with 1 child who is now 5 years old. Her husband works as carpenter, while she manages their variety store at home, while attending to the household chores and taking care of their daughter.

She started this business almost two years ago to support her husband in their financial needs. The business is running smoothly, and that is why she is applying for another loan to increase her capital. She wants to buy more grocery products to display in her store, in order to meet the demands of her customers and increase her monthly profits to an additional 2,000 pesos.

She wants to save and earn more for the future of their bright child, who is ranked number one in their school. She would also like to buy appliances for them to enjoy and provide for their daily basic needs. Her dream is to send her child to college and finish a degree. Also, she wants to increase her savings to avoid worrying during payments of monthly utility bills and for any unexpected expenses.

With this new loan opportunity, she is hopeful that some day she and her family will experience a better future. She is thankful that there are institutions like ASHI and KIVA who trust poor people like her. She said she and her husband will repay all the help by improving their lives and moving 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

  • $1175
    Average annual income
  • 224
    View loans »
    Philippines Loans Fundraising
  • $52,023,300
    Funds lent in using Kiva
  • 45.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $450 helped Marina for additional capital to buy grocery products.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 4, 2010
Listed
Aug 26, 2010
Currency Exchange Loss:
Covered
Ended:
Apr 1, 2011