Before she started her business, Geraldine's husband worked as a helper at a construction site, earning the minimum daily wage, which was not nearly enough to meet the needs of their family. At the time, Geraldine was herself unemployed, and was totally dependent on her husband's take home pay, which he turned over to her so that she could budget for their expenses. That was fine while it was just them, but when she became pregnant with her first child, she realized that if she did not take the initiative, her children might grow up to be construction workers just like their father, or unemployed like her, and continue to be poor.
This realization motivated her to join NWTF-Project Dungganon in 1997 to access the much needed capital to start her own business. She used her first loan to buy basic fishing equipment and went to work. At times, when her husband had no construction work, they both went fishing. The income was good and she was able to save enough to purchase a motorized boat and employ a helper. Aside from her fishing business, she was also able to start raising pigs. She earns an average monthly net income of 3,000 pesos from her ventures. Her previous loan of 7,000 pesos was used as additional capital for her business, and was paid in full on time. She is now borrowing 9,000 pesos on her eighth loan cycle from NWTF-Project Dungganon to add capital to her pig-raising business. She intends to save her earnings for the future security of her children.
In a world full of challenges, Negros Women for Tomorrow Foundation, Inc. has answered the call of not just a few, but thousands of women. Through the alleviation program, these women have progressed from earning less than a measly $1 a day, to realities surpassing their dreams. They have learned to live a life that 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 men and 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 low-income urban and rural communities.
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