Check out some available loans that are similar to this one!
Elizabeth
Elizabeth B. is an industrious mother and is blessed with a very supportive partner, Edwin Quiatchon. She is 43 years old and a resident of Guinbanga-an, Laua-an, Antique, Philippines. She has four children; the oldest is 18 years old while the youngest is 11 years old.

Due to poverty, her oldest child, John Webb, did not finish his elementary level, her second child is only in grade 6 while her third child as well as her youngest child are both in grade 3. Even though they are both industrious, they are still tied by poverty because they lack opportunities and resources. Her partner, Edwin, is a farmer while she is a laborer and housekeeper.

In 2009, ASHI came into Elizabeth's life. This was also the time when she started to open her eyes, broaden her mind and started dreaming of their future. After their training in ASHI, she received her first loan of PHP 5,000 which they invested in farming and it helped them to sustain their basic needs.

For her second loan from ASHI, she is borrowing PHP 8,500 and this amount will be utilized as starting capital for their buy-and-sell business dealing in muscovado sugar because their municipality (town) Laua-an is known as the muscovado capital of Antique. Muscovado is a type of unrefined brown sugar with a strong molasses flavor. Also known as "Barbados sugar" or "moist sugar", muscovado is very dark brown and slightly coarser and stickier than moist brown sugar. Muscovado takes its flavor and color from its source, sugar cane juice. It offers good resistance to high temperatures and has a reasonably long shelf life. It is commonly used in baking recipes and making whiskey.

Elizabeth has a simple dream in life which is to send her children to school until college and she believes that it is not too late to start again. She wishes that her membership in ASHI will help her dreams come true.

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
  • 1422
    View loans »
    Philippines Loans Fundraising
  • $56,546,075
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Elizabeth to use as starting capital for buying and selling muscovado sugar.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 4, 2010
Listed
Oct 25, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011