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Herminia
Herminia has successfully repaid her first Kiva loan! With the loan she financed and sustained the increasing demand for her bamboo furniture set making business. She is very thankful for your support and the opportunity to borrow money from Kiva.

Herminia is very happy that with the loan she was able to provide satisfactory services, without delays, to her regular customers when requesting their orders. She wishes to access a larger loan to expand her bamboo set (furniture) business in order to earn more profit. Herminia thanks KIVA for providing her with the opportunity to increase her income. Your support is important to her family and they are very grateful.

Prior to ASHI, Herminia had no access to capital to support her business endeavour. She joined Kiva partner ASHI in order to follow her dream of providing a decent life for her family. From this inspiration, she took a loan and started her own bamboo set business. As she continues to take loans from ASHI and save some of her profits, she will be able to grow her business.

With the loan, Herminia has noticed that her monthly income has almost doubled since she has attracted new customers with her additional inventory of bamboo furniture.

Now she is requesting another Kiva loan of 25,000 Philippine pesos to maintain her business and to purchase an inventory of raw materials needed.

With the support of ASHI and Kiva, she is hopeful that her business will generate a steady income which will improve her financial stability and her family’s quality of life to lift them out of poverty.

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
  • 1292
    View loans »
    Philippines Loans Fundraising
  • $56,442,200
    Funds lent in using Kiva
  • 43.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $575 helped Herminia to support her business and to purchase raw materials.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 27, 2010
Listed
Nov 26, 2010
Currency Exchange Loss:
Covered
Ended:
Dec 8, 2011