A loan of $825 helped to buy ten sacks of commercial rice, 45 cases of assorted soft drinks, five sacks of sugar, and ten gallons of cooking oil; all for resale.


Mary Catherene's story

Mary Catherine U. is a 34-year-old manager of her own business. She is married to Ronnie, 35 years old. She has two daughters to take care of. She lives in the busy town of Morong, Rizal province in the Philippines. She is a living picture of a mother whose dream is to provide a decent life for her children. She is an expert in the house rental business, since she has a house in the city and a family is renting it. She receives payment on a monthly basis. The business is good but sometimes she has encountered problems, especially when the lessee could not pay her rent payment for a month. She needed to think of another business to support her house rental business. In 2002, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and Kiva partner in the Philippines, with dreams of having capital for her planned business of reselling items. She has been doing the resale business for two years already. The business brings her enough proceeds and seems to be growing. She wants to invest more in her resale business. On her ninth loan, she requests an amount of 40,000 pesos as additional capital for her resale business. Specifically, the loan will be used to pay for ten sacks of commercial rice, 45 cases of assorted soft drinks, five sacks of sugar, and ten gallons of cooking oil; all for resale. She dreams of expanding her business. She also aspires of building an additional housing unit for rent and of course to send her children to school until they finish college and find jobs.



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