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Minerva
With working capital, Minerva’s sewing business will keep on growing and she will be able to offer good service and meet the increasing demand of her regular customer. Through the support of KIVA lenders, Minerva hopes soon to see changes in her family's quality of living and to see them moving forward out from poverty.

She is now requesting another ASHI loan through Kiva amounting of 10,000 PHP to purchase fabrics and to support her sewing business. The capital will fund further expansion of the family venture to support Minerva’s dreams for her children of completing college degrees and having a decent way of life.

Her long-term goal is to have a tailoring shop a year from now so that she can give opportunity of employment to others. Minerva aims to maintain a sustainable business over the long term.

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
  • 255
    View loans »
    Philippines Loans Fundraising
  • $53,055,900
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Minerva to purchase cotton fabric to maintain her sewing business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 23, 2010
Listed
Dec 21, 2010
Currency Exchange Loss:
Covered
Ended:
Jan 5, 2012