Jerilyn plans to use the money from this loan to pay off another loan, taken out to buy her husband's tricycle. She also plans to buy a pumpboat, or motorized outrigger canoe, for her brother. Jerilyn and her brother work together to catch and sell fish -- he fishes, and she sells them. Her brother will use the pumpboat to transport fish and other items.
By paying off her husband's tricycle loan early, Jerilyn will save her family money. She hopes the pumpboat will bring her and brother extra income. Jerilyn's dream is to earn enough money to be able to send both of her children to college.
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