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Belsie
Belsie F. is a hardworking married woman who offers transport services to earn a living. Belsie and her husband use a tricycle to offer short distance transport service for goods and people. A tricycle is a motorcycle with a sidecar attached, used as a public vehicle. A tricycle is much more expensive than tri-bike; however, owners have a better income.

She has been in this business for more than ten years. Belsie appreciates that the Kiva partner, ASHI, has helped her improve her business which has raised her family's living standards. She has requested a loan of 49,000 PHP to buy another tricycle. Some of the money will support the maintenance of it. She hopes to buy more tricycles in the future for better income. She sees herself venturing into a jeepney (small bus) business in the next ten years.

Having this opportunity of a loan from KIVA through ASHI will provide a chance to achieve her ambitions in life. She wants to renovate their home, enjoy a good life and have the financial means to support her family and fund the college education of her grandchildren.

She also dreams of having a pump boat to be managed by her eldest child, Jovan, who already has his own family. She hasn’t stop dreaming for her children to have their own businesses like she does. Belsie wants to thank ASHI and Kiva lenders who are sponsoring this loan. This process is one of the greatest opportunities for her to start reaching for her goals.

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
  • 1299
    View loans »
    Philippines Loans Fundraising
  • $57,910,775
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,125 helped Belsie to buy another tricycle and some of the money will support the maintenance of it.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 9, 2010
Listed
Sep 21, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012