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Conchita
Conchita is a 42 year old mother of three children. Conchita and her husband have their children to think about and to have reason for living. They work together for the future of their family. Conchita is thankful to ASHI for the loans they have provided since 2001. Conchita has been able to support the maintenance of her fishing operation by purchasing fishing nets and other raw materials for her business. She is hoping to catch more fish to sell in the future through hard work and continuous assistance of the ASHI and Kiva partnership.

Her membership in ASHI for a long time gave her a chance to have her own business and to keep her busy. After starting with an initial loan of 5,000 PHP, she can now avail herself of 28,000 PHP and can even reach the peak amount in the future for she has maintained her excellent performance all though her membership in ASHI. Therefore, Conchita's wish of growing her fishing business more, with the help of her supportive husband, Felicisimo, who is her business partner, is close to happening because it has grown now, though not yet to the extent she expects.

Conchita will be glad when her loan request is granted and she utilizes the loan wisely by purchasing additional fishing nets and other fishing materials needed of her fishing ventures.

When she reaches the highest amount ASHI could offer her to loan, she plans to rent a space in the market where she can sell their fish. With the opportunity she can get out of her membership in ASHI, she can help send their 3 children to school until they complete a college degree.

The couple believes that when they pass away, at least they have maD. their business successful and their children can have a business they can own someday. The couple’s hard work and patience are the foundation for achieving a better life.

Conchita’s hopes to maintain a long-term sustainable fishing business. Conchita is very happy to be a Kiva borrower and says thank you for offering financial support to her business endeavor. She prays that they should be blessed because of their good hearts for the poor people, like her family.

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
  • 389
    View loans »
    Philippines Loans Fundraising
  • $50,811,475
    Funds lent in using Kiva
  • 44.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Conchita to purchase additional fishing nets and other fishing materials needed for her fishing ventures.
100% repaid
Repayment Term
25 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2011
Listed
Jan 31, 2011
Currency Exchange Loss:
Covered
Ended:
Jan 15, 2013