The initial capital she used in starting up the businesses was P 5,000 only. She received her loan on February 10, 2009 amounting to P 23,000 as additional capital for Natasha Dealing, purchasing piglets and repairing of her tricycad.
Ms. F. dreams that she might have a tricycad repair shop and other shop-related projects so that she would have sources of capital for sending her children to school and to attain a higher level of education. She would like to thank Kiva lenders who will sponsor her loan.
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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