In 1998 Elvira joined the Kiva field partner, NWTF-Project Dungganon, to have capital to invest in a business. She used her loan for a tricycle as the source of their income. She also invested in the buying and selling of scrap, like empty bottles, scrap iron, plastics and many other things that can be useful and acceptable to sell. As she continued her loans with NWTF, her business grew and earned additional income for the family. She would get a minimum income of $77 a month, which she used for her family.
Previously, Elvira borrowed 19,500 PHP as additional capital for her scrap business and it was paid back on a weekly basis, and fully paid within her loan term without any delay. Because of her good credit performance, she was able to access a bigger loan. She recently borrowed 25,000 PHP for her 18th cycle loan, to use as additional capital for her scrap business. The income will be used for the education of her children and for her business.
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 on a member of a community who has earned 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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