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Marites
Marites S., age 47, is a fish vendor. She sells fish and rice. Marites has been a member in very good standing of ASHI Antique South Branch since 1999. She is also one of the trusted members of the branch who is approved to obtain a bigger loan.

Marites and her husband, William S., have three children: Marwill, age 26, Willmar, age 22, and William, age 20. The youngest is still engaged in his studies. Marites's husband is employed as a government employee. While they both earn an income, Marites is concerned about challenges in her own business, specifically because there are times when she has a smaller income due to fluctuations in capital and the availability of supplies of fish. Despite these challenges, she maintains a 100% credit rating in ASHI because she wants to achieve greater working capital and, above all, she wants to prove that poor individuals such as herself have dignity and are worthy of trust.

For her next loan she is requesting Php 47,000, to be utilized as additional capital for her fish vending and rice retail business.

Her greatest dreams in life are for her youngest to finish his studies and for the resources to build and reside in a decent house, through the help of ASHI and Kiva. She aspires toward becoming financially stable so that they can also help their neighbors and relatives.

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
  • 949
    View loans »
    Philippines Loans Fundraising
  • $53,431,325
    Funds lent in using Kiva
  • 43.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,100 helped Marites to be utilized as additional capital for her fish vending and rice retail business.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 28, 2010
Listed
Nov 8, 2010
Currency Exchange Loss:
Covered
Ended:
Oct 15, 2012