Funded

Total loan: $600
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Elena

Philippines
Philippines / Farming

A loan of $600 helped getting back a piece of riceland they pawned to other people and also to finance her rice production business.


Elena's story

Being born in a town where rice production is one of the most common livelihood of people, Elena and her 74 years old husband are used to be farmers since they were young. Parents of both were also farmers and that was their main source of income then. Elena has inherited a rice field from her parents however, she didn't have enough capital to maximize the land for a rice production (rice planting) business or any agriculture business. A piece of it was pawned to other people in the village to finance her only child's education until her graduation from college. In 2003, Elena decided to join Ahon Sa Hirap, Inc. (ASHI)and get a loan to finance her rice production business that had started in 1999. She also dreamed then to get back the land they pawned.

Eventually after Elena's seventh times of loaning from ASHI she has able to have savings and have made their farming business grew. Her 35 years old only child who lives with her and her husband has been so supportive to her. Her loan presently which is intended for getting back her pawned land and finance her rice production business, is supported and agreed upon by her family. They promised each one that they will be helping each other for Elena to be able to payback her weekly payment in ASHI on time.



Loan details

Loan length:

26 months
Disbursed date: July 20, 2009
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)

Lenders and lending teams



Loan details

Loan length:

26 months
Disbursed date: July 20, 2009
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)