Eight months ago, Elena decided to join ASHI for a financial assistance. She had loan then to be used for financing her business and for supplementing its growth. Now, she had repaid the whole amount she loaned on time and she requests for another loan larger than the first she had for the same purpose in addition of hog fattening business. With hog fattening she doesn't need to buy piglet to be raised since she is also breeding pigs. Profit with this kind of business is as much double of its capital after four months of raising. Someday she wants to have her own blacksmith shop in public places for more costumers.
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