Yolanda is now asking for another Kiva loan for a much larger amount. This is her second loan from Kiva lenders. She repays her previous loan in full and on time. The capital will fund further expansion of the family ventures to support Yolanda’s dreams for her children and her grandchildren to have brighter hopes.
With working funds Yolanda’s business will keep on growing and she will be able to offer fulfilling services to her customers. Through the support of ASHI and KIVA partner, she hopes to see herself and her family change their living conditions and moving forward out of the poverty level.
Yolanda hopes of an expanded business, therefore she is requesting a loan of 45,000 pesos to pay for a variety of plastic materials, styrofoam and other supplies. Yolanda requests this loan through ASHI so that she can support the expansion of her business and be able to provide the growing demands of her customers. Her long term goal is to have a tailoring shop a year from now so that she can give the opportunity of employment to others, especially extended relatives in her community. She also hopes to have her own van for business use and to invest more in her home.
Yolanda hopes to maintain long-term sustainable businesses. During the course of her membership in ASHI, Yolanda has been a model member dedicated to managing her family’s operations.
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.
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Success!! The loan was 100% repaid