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Norma
Norma A. has successfully repaid her first Kiva loan. With the loan she financed the increasing customer demand on her fishing and resale of frozen foods businesses. She is so thankful for your support and for the opportunity to borrow money from Kiva. She wishes to access a larger loan to expand her businesses so that she can increase her turnover. Norma thanks KIVA for providing her with opportunity to increase her proceeds. Your support is very important to her family and they pray that all supporters be blessed because of their good hearts for the poor people around the world.

She is requesting a much larger loan of 25,000.00 Php to support her businesses. Norma has noted that her monthly income has almost doubled since she has attracted new customers with additional inventory.

With the support of ASHI and Kiva partner, she is hopeful that her business will generate steady income to improve her financial stability and her family’s quality of life. Norma still dreams of supporting her children in their schooling until they finish college and find jobs.

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
  • 270
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Norma to maintain her fishing business and resale of frozen foods business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Oct 27, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011