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Victoria
Victoria S. M. is 65 years old and happily married. She and her husband were blessed with three children: Marivic, age 34; Jessie Boy, age 30; and Julius, age 23. All of their children are degree holders and are busy of their own professional work. Victoria is old already, but is still strong and determined to have her own source of income.

The main source of she and her husband's income is their rug making business which they have had for six years now. The rugs are crafted by sewing pieces of remnant fabric together. Once they make a small or big rug, they sell it. According to Victoria, this business gives them enough income to cover their expenses. Kiva field partner Ahon sa Hirap Inc. (ASHI) has also contributed to helping their business do well. This is the second time a loan of Victoria's has been posted to the Kiva website for funding. She hopes to use the proceeds of this loan to make her rug making business grow more. If she is able to generate greater profit from her business, she wants to save for the future of her family.

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
  • 1115
    View loans »
    Philippines Loans Fundraising
  • $54,636,050
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Victoria as working capital for a rug making business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 22, 2010
Listed
Oct 24, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011