Now, Lucila continue to run her business to generate income and financially support her family. She would like to increase her weekly income. To this end, she has applied for new loan of 25,000 Php to purchase more stock for her business and increase her working capital. Lucila has already had previous loans from ASHI and repaid them successfully therefore she is being trusted to apply for a much larger loan. As active businesswoman, Lucila would like also to explore alternate businesses to provide her family a good living.
Lucila has been dedicating herself to expand her business in order to support her dreams for her family and improve their standard way of living. She will be very responsible with her obligations and she is thankful to the people who will support the loan she is requesting. The loans have been very helpful in making her business grow further and allowing her four children to fulfill their dreams of completing college degrees and find stable jobs.
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