She had to do something to help her husband earn a living because his income from driving a motorcycle, shuttling passengers, was just not sufficient to sustain their family. So Noly started her own eatery, offering different kinds of food to her regular customers. In spite of the small income she earned from this business, she persisted because it helped their food needs.
To improve her business and be able to earn a bigger income, she joined NWTF-Project Dungganon 2001. With the additional capital from her loans, she was soon able to expand her business to include a general store. She has been in business for over 25 years already, but it is only now with the help of NWTF-Project Dungganon that she is finally achieving some success in her business. She now earns an average monthly income of PHP 9,000 from her business operations, allowing her to set aside some savings for their future.
In her previous loan, she borrowed Php 17,000 and used it as working capital for her eatery and to buy more stock for her general store. Even at her age, she maintains her good credit performance by paying her loan in full and on time without any delays. Now she is borrowing for her 16th cycle loan, the same amount of Php 17,000 to be used to buy motorcycle spare parts to repair her husband's source of his livelihood and also as additional capital for her general store and eatery.
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.
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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 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.
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Success!! The loan was 100% repaid