A loan of $425 helped for the purchase of ready-made 'kaing' baskets, 50 sacks of charcoal and payment for labor and transportation expenses.

Anita's story

Anita A. lives in an island village in the beautiful town of Binangonan, Rizal province in the Philippines. She is determined and optimistic about getting out from the cycle of poverty. She is married to Andres who is 33 and a ferry (small passenger boat in the island) driver. She is the mother to an only daughter, Andrea, who is two years old.

Anita is engaged in the resale of 'kaing' (big fruit baskets) and charcoal. She has been doing the resale business since she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines, in 2007. She buys charcoal and 'kaing' from the makers and re-sells it. She says, the business brings her in enough income to augment their standard of living and to sustain their daily needs. She wants to invest more in the business.

Now on her 4th loan, she proposes to borrow 20,000 PHP as additional capital for her business. Specifically, the loan will fund the purchase of ready-made 'kaing', 50 sacks of charcoal, and payment for labor and transportation expenses. Anita has regular customers already and charcoal is easy to sell because it is commonly used by households in the cooking of foods.

Anita is optimistic that her business will grow and can help her reach her dreams. She aspires to expand her business for greater income. She also dreams of sending her child to school until she finishes college and finds job. She also hopes to be able to build her own house.

Loan details

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Loan details