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Luz
Luz E. lives in the village of Prk Tan-ao, Brgy Lopez Jaena, Sagay City, Negros Occidental. She is 60 years old. She works and earns for the day-to-day living costs of her family. She is married and blessed with four adult children aged from 30 to 37 years old. Luz wants to secure her future when she is older and still be able to help her grandchildren finish their studies.

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.

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 <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.

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
  • 288
    View loans »
    Philippines Loans Fundraising
  • $52,221,600
    Funds lent in using Kiva
  • 46.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Luz additional working capital for her general store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 11, 2009
Listed
Dec 8, 2009
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010