Her business started with initial capital of P2,000 she got from a local moneylender. At that time she experienced hardships because of a huge interest she has to pay. This is the reason why she has to close down her business.
Whe she joined the ASHI microfinance program, she was able to revive her business. She is now requesting her fourth loan of PHP20,000 she can use to purchase different kind of fish direct from the fishpond. The purchase of different kind of fish is a great help in growing her business. She also into buying and selling of "nipa" (local palm leaves) hut and “bubo” (a fishing gear used to catch prawns).
Her aspiration in life is that her business will become successful and someday she will be called “Mayor Kuprador” -- wholesaler. She dreams that her children will finish their studies and have stable jobs in the future.
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.
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Success!! The loan was 100% repaid