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May
May O. is 29 years old and married to Alfie O., a fisherman. The couple are blessed with two children, aged 10 and 3. Her eldest is now a grade 5 pupil. For almost 8 years their primary source of income has been fishing. Their business is a partnership between husband and wife; he does the fishing while she sells the catch in the market. Profit from their business helps a lot in meeting their daily financial needs. However, they want to earn more and save for the future of their two children. They wish to provide them a better quality of living and send them to a prominent school. May is applying for a loan of PHP 25,000 to invest in setting up more fish cages. They will buy fish fingerlings, fishing nets, and bamboo poles, and pay for the labor of construction. She hopes that KIVA lenders will support her in this endeavor. She is one of the very dynamic members of Ahon sa Hirap, Inc. (ASHI), a partner of KIVA in the Philippines.

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
  • 895
    View loans »
    Philippines Loans Fundraising
  • $54,399,900
    Funds lent in using Kiva
  • 43.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped May to invest in setting up more fish cages.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2010
Listed
Oct 1, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 27, 2011