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Tessie
Tessie M. lives in the village of Nabantu-an 1, Brgy Balintawak, Escalante City Negros Occidental. She is 48 years old, and married to Roberto M. who works as a laborer in the Ceres bus terminal. They have 3 children who are between 5 and 19 years old. Tessie has accepted the reality that her husband’s income is just too small to sustain their family's growing needs. This is why she explored ways to help her husband by earning on her own, because she also dreamed that her children would be able to finish their college education, have gainful work and live a more comfortable life.



It was quite providential that a friend invited her to join NWTF-Project Dungganon, and with her husband's consent, she became a member in 1997 and she used her loans to start a general store. The business turned out to be a good investment for it had an immediate impact by lightening the burden of the household expenses from her husband's shoulders. When a new opportunity arose to buy and sell scrap materials (old metals, plastic, bottles, etc.), she jumped at the chance and it improved her business income even further. Now her business earns an average net income of PHP 2,400 per month.



In her previous loan, she borrowed the amount of PHP 12,000, which she used as additional working capital for her general store and scrap business. The loan was fully paid on time, maintaining her standing as a good member. Now she is borrowing for her 12th cycle loan the same amount of PHP 12,000 to be used as additional capital for her businesses. She plans to use the income from this venture for house repairs and as a start-up capital for a new business which she is presently exploring.



About NWTF:
In a world full of challenges, Negros Women for Tomorrow Foundation (NWTF), is making a difference in the lives of thousands of women through Project Dungganon (a Hiligaynon word that means Honorable). Through the alleviation program, NWTF is empowering these women to progress out of earning less than $1 a day to achieving realities that surpass even their dreams. They have taken a life path that will ultimately make them Dungganon - a title of esteem that is bestowed to a member of a community who has earned respect through a lifetime of hard and honest work.

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
  • 307
    View loans »
    Philippines Loans Fundraising
  • $52,720,350
    Funds lent in using Kiva
  • 46.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $275 helped Tessie additional capital for her businesses.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 16, 2009
Listed
Nov 12, 2009
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2010