As a wife, Lucia always had a realistic view of their family's situation. She very well knew that the income her husband earned as a tuba maker was just not enough to cover all of their expenses and the increasing need for finances. Because they lived near the sea, Lucia decided that, if she had some capital, she'd engage in the buying and selling of fish to her neighbors and to people in the surrounding villages.
To get the necessary access to new capital, Lucia joined NWTF-Project Dungganon, and this enabled them to rent a fishing boat that one of her sons used for fishing, while she continued with her fish-vending venture. With the additional income they were able to buy their own motorized fishing boat soon after. This has enabled them to earn an average monthly income of PHP 8,000.
Her Credit Record:
Lucia’s previous loan of Php 12,000 was utilized as additional capital for her fish-vending business. The loan was fully repaid on time and within the designated loan term without any delays. Now, her 13th loan of Php 14,000 will be used to buy an engine for her fishing boat and to make a few repairs and maintenance work on it. The income from it will be used for the improvement of the family’s living conditions.
In the accompanying photo, Lucia is shown with the motorized fishing boat that her son just finished painting.
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 the respect through a lifetime of hard and honest work.
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 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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Success!! The loan was 100% repaid