From then on, Liwanag used her loans from ASHI in her fishing business. From the profits she earned, she was able to invest in her home and support her family financially, specially the tuition fees of her five children which are very expensive.
She kept on borrowing from ASHI to keep her business growing. Now, she plans to use her newly received loan in buying additional materials needed for her fishing business such as fishing nets and other supplies so that her husband will catch more fish to sell. If ever the couple gets better output, they will be able to invest more in their home.
Her greatest dreams are for her four younger children to attain a degree, just like her eldest child, Raynan, who graduated from computer courses and has a successful job with the coastguard. Education is wealth that other people can’t steal. The couple believes that education is the only inheritance they can offer their children. To make this happen, they help each other in order for them to achieve their dreams of giving their children the best in life.
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