ASHI is a nongovernmental microfinance institution (MFI) that seeks to reduce extreme poverty among women and their families through group money lending. They claim to be “the first replicator of the Grameen Bank approach to credit”. Some of their objectives include increasing incomes and mobilizing savings among the poor, generating local community growth, and helping to establish other MFIs through training and financial education (in coordination with the INSO Development Foundation). ASHI offers loans, savings, and micro insurance products as well as leadership training and workshops on post-disaster community rebuilding. By 2013, ASHI was operating through 26 branches and over 1,000 individual centers, and had over PHP 264 million (approximately $US6 million) in loans outstanding to 27,058 members.
Ahon Sa Hirap, Inc. (ASHI)
ServicesAccess to Capital and Assets