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Irene
Irene M., 59 years old, is a joyful but hardworking mother of 6 children. Because of poverty she was compelled to stop schooling and enter the life of marriage at an early age. During the early stage of their marriage their income was only sufficient for their daily consumptions and that’s why her 3 eldest children never reached college. However, she works hard and awith patience and perseverance she was able to send her children to college. Her other 3 youngest children were able to graduate from college and ASHI was part of this success. Because of her loans she was able to finance her business and earn a living. As a member she did her best to become active and performs her duties and responsibilities with dignity.

She is again applying for a loan of Php 20,000.00 pesos to buy additional fruits, vegetables, meat, fish and kitchen utensils for her food vending project and grocery products for her store. Her profit from this additional capital will be used to support the school expenses of her grandchildren. She will also save for the construction of a much more convenient store and food stall for her customers. Irene also dreams of renovating their house with the help of her husband and children. She really admires the service that ASHI and KIVA provide with poor but worthy families who are full of hopes and dreams but limited by bureaucracy. According to her, the opportunity of becoming a member of ASHI and KIVA really is a privilege that she will always cherished.

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
  • 1443
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Irene to buy meat, fish, fruits and vegetables products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 16, 2010
Listed
Sep 29, 2010
Currency Exchange Loss:
Covered
Ended:
May 11, 2011