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Mary Rose
Mary Rose M. is 28 years old, married and has four children. Her eldest is 11 years old and the youngest is 5 years old. She joined Ahon sa Hirap, Inc. (ASHI), a partner MFI of Kiva in the Philippines, to have capital to start a business. Now she is so proud that she became a member of ASHI because, aside from now being financially independent from her husband’s income, her confidence has improved as a consequence of attending weekly meetings and meeting different people. Today she is one proud mother because her earnings have helped pay for their daily expenses and the allowances of their children for going to school. Her husband is also happy because they were able to renovate their house.

This time, Mary Rose is applying for additional capital of 20,000 Philippine pesos (PHP) for her variety store. She will buy more sacks of rice to sell to her customers, as well as soft drinks and assorted grocery products. Her business plan is to earn more and increase her capital so she can have more stock to sell and earn more profit. Since rice is in demand by her customers, she wishes to increase the volume of her stock. All her goals will be achieved if ASHI and Kiva will give their complete support and trust in her capability to manage her business. In return, she will insure diligence in performing her tasks as a member and the mother of her children. Her husband and children will always serve as her inspiration to do her best in managing the business.

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
  • 337
    View loans »
    Philippines Loans Fundraising
  • $50,801,300
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mary Rose to buy sacks of rice, soft drinks and assorted grocery products.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Oct 4, 2010
Currency Exchange Loss:
Covered
Ended:
May 11, 2011