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Gloria
Being a loyal member of Kiva's first field partner in the Philippines (ASHI), Gloria D. has been receiving loans since 2000. Loans she received then have enabled her to start up and manage several businesses. First, she started a frozen foods business and with her next loans, she opened rice retail and slaughtering ventures. She sells her products directly to people in their village and in a public market.

Now, Gloria is requesting another loan from ASHI to support her businesses and to grow them further until such time as they become profitable and stable. For her frozen foods business, she wants to increase the inventory for the convenience of her customers who live around their village.

Gloria happily handles her career being a wife, mother and businesswoman. Her desire to give her only son, Roberto, a second year college student, a better life in the future inspired her to have her own businesses and augment her husband’s irregular income as construction worker (laborer).

Gloria is one of the very good members of ASHI who is requesting a new loan of 42,000 Php to realize her dream of buying more inventory for her frozen foods business and more rice to sell. Profit from these kinds of businesses is quite good compared to other businesses that Gloria has tried. Because of profits she gained from these businesses, Gloria has been able to see her son graduate with a degree and with hopes of having a better career in the future. With her passion for giving her family a better future, Gloria will be willing to work hard and help her husband earn money through her businesses.

Gloria D. is motivated by her desire for personal development so that one day she can be self-reliant in her businesses. Gloria enjoys the system of work groups that is implemented by ASHI. She has benefited from hearing about the experiences of her fellow group members and also appreciates that the process for securing a loan has been convenient for her.

Her long-term goals are to have an expanded business and to have her own stall in Baras Market where she can execute orders for her customers, and to invest in her home. She hopes to buy a new tricycle in the future for added income for her family. A tricycle is a motorcycle with sidecar attached used as a public utility vehicle.

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
  • 1318
    View loans »
    Philippines Loans Fundraising
  • $56,502,475
    Funds lent in using Kiva
  • 43.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Gloria to purchase more frozen foods and rice to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Oct 30, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 8, 2011