Years ago, Luz wanted to earn extra money to help her husband and to send the children to school. Because she lived in a hacienda, a sugarcane plantation, she thought that a general store would be a very convenient business to put up in their area - different items sold at an affordable price and the fastest turnover of capital and income. She invested in a small store to reach her goal of helping her husband. The income from her business was allocated for education, family expenses and additional capital. Business ran smoothly and she was able to expand it.
In 1995 she joined NWTF-Project Dungganon to expand her business and to buy additional products to sell. With more capital, her loans had a big impact on her business because she was able to earn more compared to her previous earnings. Her general store supplies the needs of the hacienda employees which is payable at the end of each week. She earns a minimum of Php 4,000 a month. She saves most of her income for her future and for her grandchildren.
Luz's previous loan of Php 19,000 was used as additional capital for her general store. The said amount was paid every week and fully paid within her loan term without any delay. Her 18th cycle loan of the same amount of Php 19,000 will be used as additional working capital. Income from it will be used for her grandchildren's education.
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 <i>Dungganon</i> (a Hiligaynon word that means <u>Honorable</u>). Through the alleviation program, NWTF is empowering these women to progress from 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 <i>Dungganon</i> - a title of esteem that is bestowed on 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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