A loan of $425 helped purchase and transportation of bulk charcoal.

Angelita's story

Angelita A. is a 47-year-old woman married to Ricardo, who is a 47-year-old farmer. She lives in the peaceful town of Jala-jala, in the province of Rizal, Philippines. She has no children, but she really longs for them.

Even though she has no children, she is still determined to have a source of income, aside from her husband's farming income. In 2001, she happily joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines. When she received her first loan, she invested it in the resale of charcoal as her primary business. She is also involved in fishing and farming, both as secondary businesses.

As the years pass, she has noticed that her investment in the resale of charcoal is getting better, and it is providing her with good income. She buys the charcoal from the charcoal maker and resells it in their village. Now on her tenth loan, she proposes a loan of 20,000 Philippine Pesos as additional capital for her business. Specifically, the loan will be used to pay for two hundred sacks of charcoal for resale, and also its transportation expenses.

She dreams of expanding her business so that she can save for their future, and be able to build a more spacious and durable house.

Loan details

Lenders and lending teams

Loan details