As well as owning their tricycle, Darlene and Raymond also have a motor fishing boat as an investment. It is managed by Raymond, and sometimes by other people in their village. Both investments were bought using Darlene’s loans through Kiva partner, ASHI, and both are a big help to Darlene in meeting her family's basic needs.
However, when Darlene thinks about her dream of educating her two children until college, she is aware that she cannot afford this on her current income. Therefore, she is looking for a larger amount of financial assistance, via a loan, in order to sustain and grow her business. She wants to purchase another motor fishing boat because she can see that her fishing and fish-selling business has the potential to generate more profit and could also give people easy access to food.
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.
447View loans »