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Liwanag
Since joining ASHI, Liwanag B. has ventured into selling fish and a fishing business. The idea of having this kind of business crossed her mind when her husband who is also fisherman caught more fish in the lake, located in Talim Island, in the province of Rizal. Liwanag sold those in their neighborhood and she realized that selling fish earns profits bigger and faster than any other kind of business she had had in the past years of her life using her loan from ASHI. Unlike other products sold, fish is salable because it is one of the most basic needs of the human being, especially for people who live in very remote areas of the province. They are far from the municipal market thus the possibility of buying from vendors who come to their community is very high. Also, most people choose to buy fish rather than any other meat because it is cheaper and healthier.

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.

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
  • 264
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Liwanag purchase additional materials needed for her fishing business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 12, 2010
Listed
Nov 3, 2010
Currency Exchange Loss:
Covered
Ended:
Nov 1, 2011