Funded

Total loan: $225
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Catalina

Philippines
Philippines / Farming

A loan of $225 helped will be used to finance her rice-farming business.


Catalina's story

67-year-old Catalina's husband is a farmer while Catalina has her own hog-fattening (pig-raising) business, aside from helping her husband in the farm as a farmer as well. It has been five years now that Catalina and her husband have been able to have a rice-farming business. This has been a great source of income for the couple so they are able to send their only child to college until graduation.

Catalina's loan from ASHI when she joined in 2008 was used to finance this business instead of borrowing money from other people in their neighborhood which requires bigger interest rates per month. This was what they had been doing in the past when Catalina was not yet a member of ASHI and had no access to loans. Profit then was not really big and growing a business was very hard.

Now that Catalina has fully paid her first loan, she is requesting a much bigger loan to be able to accelerate the quality of rice they are producing for a better price and profit. Since Catalina is still using rice land which she doesn't own, every harvest they are required to give the owner of the land a share of the rice depending how many sacks they have agreed on for every acre. Someday, through her profit and helped by loans from ASHI, Catalina wished to purchase her own rice land.



Loan details

Loan length:

9 months
Disbursed date: July 28, 2009
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)

Lenders and lending teams



Loan details

Loan length:

9 months
Disbursed date: July 28, 2009
Facilitated by Field Partner: Ahon sa Hirap, Inc. (ASHI)