Recently Rosalinda became a member of, the KIVA field partner in the Philippines. She requested a loan which she will use to finance her dress making business. She has had this business for a long time but she could not increase the size of the business because of too many financial obligations. Her income in addition to her husband’s is insufficient to cover up all of their family expenses.
Rosalinda’s business costumers are people around their village. They like Rosalinda’s work because of its good quality. With a larger business capital, Rosalinda plans to put up a bigger dress shop separated from their house and employ more dress makers.
Rosalinda is happy about joining ASHI because of the loans that she can request and the new friends she has found.
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