A loan of $800 helped to pay for fish netting and a motor boat for a fishing business, and the remaining funds will be used to buy the raw materials needed for her basketmaking business.

Minerva's story

Minerva Celosa dreams of escaping the spiral of poverty. In 1995, she joined ASHI (Ahon Sa Hirap, Inc.), an MFI and KIVA partner in the Philippines. Her hope was to gain access to capital in order to start a business. She and her husband started a business making kaing (small baskets). Since then, over the course of nine loans, her business has continued to grow and provide good income for her family. However, the income from the business is not enough to sustain everyday needs. Therefore, the couple is now requesting Minerva's tenth loan in the amount of 35,000 pesos to use as working capital to start a fishing business as supplementary income. The loan will be used to pay for fish netting and a motor boat, and the remaining funds will be used to support the raw materials needed for her kaing business.

Minerva is looking forward to increased demand for fish on the island and expects her secondary business to grow and generate enough income for her family. She dreams of sending her grandchildren to school all the way through college and for them to find stable livelihoods. Through her business success, she also dreams of building a home made of concrete for more comfortable living.

Minerva C. is happily living with her five children and her 62-year-old husband Marcial, who is a fisherman and kaing maker in the province of Rizal.

Loan details

Lenders and lending teams

Loan details