Check out some available loans that are similar to this one!
Melania
57-year-old Melania dreams of giving the best to her children in their future. She and her husband hope to build a more accommodating and comfortable life for their family. She has two children: 32-year-old Emmil and 27-year-old Emmanuel. Both of the children graduated from college but are still dependent on her. To achieve this, she plans to develop her business. Melania has requested PHP 20,000 as additional capital for her junk shop business. This loan will be a great help for making their dreams come true and little by little, her business will grow to be a full shop soon.

For 14 years as a member of ASHI, she has been trusted with loans that have improved their standard of living. Melania is also a good mother and is good at budgeting money for their daily expenditures, which are very expensive. She hopes that through her loans from ASHI partnership with KIVA; someday she will be able to save money for their future. Along with the business success she is dreaming about, she hopes to have their own passenger boat in the island of Talim, Binangonan in the province of Rizal. Her long-term goal is to give her family a better life, far away from the slave of poverty.

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
  • 369
    View loans »
    Philippines Loans Fundraising
  • $50,808,425
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Melania to use as additional working capital for her junk shop business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2010
Listed
Oct 28, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 8, 2011