To supply additional income, Annie would like to receive a loan of 15,000 Philippine pesos (PHP) to purchase raw materials needed in her fishing business, such as fishing net, and for the maintenance of her fishing boat. With more fish to catch and sell, Annie believes that sales will increase, leading to higher revenue.
As a dedicated member of Kiva partner ASHI, she ensured strong performance with regular attendance at group meetings and steady repayments. Annie is thankful for access to capital and loans to support her entrepreneurial dreams. With the support of ASHI and Kiva, she is hopeful that her business will continue to flourish to improve the family’s quality of life and fund all of her children’s educations until they finish college.
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