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Veronica
Mrs. Veronica G.'s mission in life is to be a loving, responsible and dedicated mother who aims to help her husband and family out of poverty. She lives in the village of Brgy. Mabini, Valladolid, Negros Occidental, with her loving husband, Mr. Judy G., who is a farmer and also an elected Brgy. Councilor in their village. Veronica is now 47 years old and her two sons are 18 and 20 years old. Her oldest son is gainfully employed while the younger is presently attending college.

Veronica is a successful entrepreneur who is always looking for good investing opportunities that will earn additional income. In her efforts to earn more income for her family, Veronica G. operates a general store and a cafeteria in their community, and also has a one-hectare rice field which is being farmed by her husband. Their combined business opportunities earn them a monthly income of approximately $215, which helps pay for the support of the family, her son's tuition, her weekly loan repayment and some savings for the future.

In the four years that she has been a member of NWTF-Project Dungganon, she has been able to maintain a good credit record by paying her installments on time, and to fully repay the loan within the promised period of time. Her previous loan of PHP 19,500 was applied to her business and she paid it all on time without any delinquency. For her 9th loan cycle, she is again borrowing PHP 19,500 so that she can stock her general store with more goods to resell to her customers. She plans to use the profits from this venture to support the needs of her family.

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.

Additional Information

More information about this loan

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 Foundation

Negros 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.

About Philippines

  • $1175
    Average annual income
  • 474
    View loans »
    Philippines Loans Fundraising
  • $51,043,600
    Funds lent in using Kiva
  • 48.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Veronica to purchase additional inventory.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 2, 2009
Listed
Sep 16, 2009
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2010