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Rustica
Rustica has successfully repaid her first Kiva loan. With it she financed and has sustained her rug-making business. She is thankful for your support and the opportunity to borrow money from Kiva. Rustica is very happy that, with the loan, she is able to provide prompt service to her regular customers. She wants a larger loan to expand her business and make more profit. She thanks Kiva for providing her with the opportunity to increase her income. Your support is important to her family and they are very grateful. Rustica joined Kiva partner, ASHI, to follow her dreams of giving a decent life to her family.

Now Rustica would like another Kiva loan of 25,000 Philippine pesos to purchase raw materials needed in her business. She wants to save for the future of her family, especially to enable her grandchildren to complete their studies through college. Her long-term goal is to expand her business to improve her financial stability and her family’s quality of life — currently far below poverty level.

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
  • 240
    View loans »
    Philippines Loans Fundraising
  • $53,045,000
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Rustica to buy materials for her rug-making business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2010
Listed
Oct 24, 2010
Currency Exchange Loss:
Covered
Ended:
Sep 15, 2012