in 2009, Elsa joined ASHI, one of Kiva’s first partners in the Philippines. She is very grateful for its secured access to capital and other services such as savings and insurance. This loan of 18,000 PHP is to help Elsa buy more hogs so as to satisfy her local customers’ demands. She thinks that commercializing and expanding her business will enable her to earn more money which she would use to pay for tuition for her two children who are in college and to take care of other family needs.
With access to additional working capital from Kiva supporters, Elsa is hopeful her dream of her children attaining college degrees will be achieved. Elsa’s wish to give her children a brighter future is what motivates her day.
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.
228View loans »