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Carolina Marciales is 60 years old and married to Ronald M.. The couple has an only child, Ronald M., who is a 22-year-old factory worker. She and her husband work hard but they had a very small income and they didn't even have capital to start up a business.

In 2003, Carolina heard about ASHI, a Kiva partner. She dreamed of having a stable life with a stable house and of starting a business. When she received her first and succeeding loans from ASHI, she started her own business of buying and selling small retail goods. It has been many years that she has had this kind of business. Retailing of small goods has been a great help to her family.

However, the demands of her family grow as years goes by, so she aspires to have more business that can add to her present income so she will have bigger profits and savings. Then she came up with the idea of operating computer rentals. It has been great! She earns a good income and she wants to have more investment in it. On her 11th loan, she is proposing to borrow 40,000.00 Philippine pesos to expand her growing business.

With this kind of business, she can still manage her previous business of retailing small goods, because either her child or husband can operate their computer rental at home when she's away selling goods. Someday, as her income increases, she wants the computer shop separate from their house because the computers are placed in part of their home. Her greatest dreams are to get out from the spiral of poverty and to have a happy life.

Additional Information

About ASHI

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.

About Philippines

  • $7,000
    Average annual income
  • 439
    View loans »
    Philippines Loans Fundraising
  • $69,632,850
    Funds lent in using Kiva
  • 46.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Carolina for the expansion of her computer business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 27, 2010
Jan 29, 2010
Currency Exchange Loss:
Feb 15, 2011