She is a very good and active member of Ahon sa Hirap, Inc. (ASHI)--a partner Microfinance Institution of Kiva in the Philippines. She invested her previous loans in improving their fishing business, and the family benefited from the increase profit.
She is applying for a new loan of 40,000 Philippine pesos to finance their business. Her husband wants to buy new sets of fishing nets, sets of “bobo” - a local fishing gear made of bamboo and netting to trap shrimp, and to repair their wooden bancas/boats.
It will be of great help if she can purchase all this in time for the rainy season because fish are abundant in the Laguna Lake. This additional gear will again increases their profit and she can save for the future of her youngest who is still studying. She wants to send him to college so he can pursue a career. She also wants to buy additional appliances in the near future.
She is optimistic that her dreams can soon be achieved, and she is proud for being a member of ASHI and Kiva, because she has had help in improving her family's living conditions through their financial assistance.
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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