Dimocrita is a very good cook. Eight years ago she started a small restaurant and a variety store serving local dishes and selling native delicacies to both locals and tourists who visit the sea-side town of Hinigaran. Now with her children grown, Dimocrita wants to expand the small business that currently earns PHP 12,000.00 or about $250/month with the help of one of her daughters, so that it could also support her other children and their families.
With her daughter helping run the small restaurant and variety store, Dimocrita is now able supplement their family income, by working as the cook cum caretaker for one of the finest Beach Resorts in the area, but her real dream is to be able to expand her restaurant business.
The PHP19,500 loan she is borrowing will be used for additional working capital so that they could offer a wider variety of dishes and native delicacies to their growing number of loyal customers.
This is Dimocrita's 15th loan cycle with NWTF- Project Dungganon, and she has been a client of good standing since 2000.
About NWTF: In a world full of challenges, Negros Women for Tomorrow Foundation, Inc. has answered the calling of not just of a few but thousands of women. Through the alleviation program, these women have progressed from earning less than a measly $1 a day, to surpassing the realities beyond their dreams. They have learned to live a life where they can finally be called honorable. This is Project Dungganon.
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On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
About Negros Women for Tomorrow FoundationNegros Women for Tomorrow Foundation, Inc. (NWTF) is a non-governmental organization established with an aim to help women achieve self-sufficiency, particularly in the province of Negros Occidental’s low-income communities. The organization offers its clients a wide variety of products, including loans for micro-entrepreneurs, hospital income benefits, life insurance, accidental death benefits and more. Kiva lenders’ funds will be used to expand the reach of these products to women in low-income urban and rural communities.
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Success!! The loan was 100% repaid