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Geraldine
Geraldine S. is a married woman with two young children, ages 5 and 11, who lives in the village of Brgy. Cervantes, Escalante City, Negros Occidental. At 29 years old, she is a young entrepreneur who is proving that it is possible to break the cycle of poverty if you just give it your best shot. She started her business from nothing and now she knows that she has found the right path to achieving her hopes and dreams - to have her own fishing boat and save enough for her children's future.


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.


About NWTF:
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!

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

  • $7,000
    Average annual income
  • 1040
    View loans »
    Philippines Loans Fundraising
  • $57,757,925
    Funds lent in using Kiva
  • 47.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Geraldine additonal capital for her piggery business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2009
Listed
Sep 26, 2009
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010