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Renee Olivia
Renee is a Filipino designer who works with women from 50 villages in Eastern Samar to manufacture and export high-quality bags made from Pacific seagrass.

Renee’s family comes from Eastern Samar, which is one of the poorest provinces in the Philippines. Thirty percent of the population live below the national poverty line. This is because the province is constantly bombarded by the frequent typhoons originating from the Pacific Ocean.

Renee started this project using her own savings to develop contacts and international interest. Now that she is receiving bulk orders, she needs a capital infusion to pay for the materials, labor and processing fees for the products, so that they can be delivered on time and in good condition.

Renee is borrowing PHP 1,008,000 through NWTF and Kiva, so that she can sustain the momentum of her growing enterprise and provide her community of weavers with a stable source of income.

Renee's goal is to create a social enterprise environment where women are provided with the opportunity to earn a stable income for themselves and their families by maximizing the use of seagrass, which is abundant in the coastal areas of the island; also developing value chains that could energize the economy of the communities she is working with.

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 >>

This loan is part of NWTF's pilot community loan program. The program is targeted at enterprises that can add significant value to poor communities, in terms of number of people positively impacted. NWTF offers flexible, low-interest financing for these projects that caters to the needs of each enterprise.

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
  • 370
    View loans »
    Philippines Loans Fundraising
  • $50,808,425
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $24,800 helped Renee Olivia to provide her community of weavers with stable income and pay for materials needed in making native bags made from seagrass.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 22, 2013
Listed
Feb 24, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 17, 2014