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Hermenia P. is a 50-year-old woman who has three children with her husband, Quirino P.. Her eldest child is in her second year of college taking Hotel and Restaurant Management; the second to eldest is a third-year high school student; and the youngest is in his sixth grade in elementary. Every year, the education of Hermenia's children incurs bigger financial expenses. Hermenia's business had been very helpful in supporting those expenses and has abled her children to continue their studies.

It has been thirty years that Hermenia is into her business buying and selling fish. Her membership in ASHI and the support of her loving husband and children enabled her to start up the business and have it grow. Despite financial struggles, Hermenia proved her trustworthiness and well-defined values by showing good performance in terms of her repayments, attendance and business.

Recently, Hermenia, her husband and her children decided to apply for a loan in ASHI to enhance her business further and it could profit greatly. The whole family agreed on the idea of buying more variety of fish and to increase the volume of their purchases in order to sell more, cover a wider area of the municipality, and have bigger profits. Aside from intending Hermania's loan for her primary business, they also plan to enhance their hog-fattening business (backyard pig-raising to be sold after four months) for an alternative income during the off-season of fish.

Through the profit Hermenia's hog fattening business would generate, she aspires to purchase a motor fishing boat to be managed by her husband while her profit from buying and selling fish will be intended for her weekly repayments to ASHI, family daily needs, and her children's education.

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

  • $7,000
    Average annual income
  • 337
    View loans »
    Philippines Loans Fundraising
  • $70,752,750
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $850 helped Hermenia to buy a greater variety of fish to sell and to buy feed for her pig-raising.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jul 2, 2009
Jul 13, 2009
Currency Exchange Loss:
Jul 15, 2010