100%

funded

Total loan: $400

Florenda

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HINIGARAN, NEGROS OCCIDENTAL, Western Visayas, Philippines / Food

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A loan helped To use as additional capital for her food preparation business.


Florenda's story

Florenda M., is 67 years old and married to Jorge M., who is a retired hospital employee. Since Jorge receives a small pension from his former job, he now helps Florenda in her food-vending business so that they can earn a little more. The couple have five children who are 34 to 43 years old, and have finished their training in their chosen fields: one is an electrician, another graduated from a nautical course, another finished a nursing course, and one is a midwife. One of her children works abroad and sends some money to help support the family; all the others are also gainfully employed and also help their parents in one way or another. But Florenda and her husband Jorge do not want to be a financial burden to their children and want to retain some sort of independence. This is why they are striving hard to make their business a success in spite of their advanced age. Having a business also keeps them busy and alert. Years ago, Florenda joined NWTF-Project Dungganon to access capital so that she could help her husband increase the family income, especially so that they could afford the school tuition of their children. When she got her first loan of Php 5,000, she invested it by putting up a general store. As she was able to increase her loan amounts at each new cycle, she also expanded the operations of her general store and widened the line of products she offered to her customers. To earn a large amount, enough to pay for tuition fees, she also engaged in hog-raising and sold the pigs just in time to pay for the college tuition of her children. Patience, hard work and dedication to achieve her dreams is the key to Florenda’s success, success in the sense that all of her children were able to finish college and earn their degrees. Now that her children are already gainfully employed and are starting to help her financially, she is taking things a little bit easier and is concentrating more on food-vending, selling sweet potato, cassava, bananas, bread and hotdogs from her home. She earns a monthly income of PHP 4,000 from this business activity. In her previous loan, Florenda borrowed Php 16,000 as additional working capital for her business, and her loan was fully paid on time and in full, without any delays. Now, for her 11th loan, she is to borrowing Php 18,000 to be used to purchase ingredients for her food-vending business. About NWTF: In a world full of challenges, Negros Women for Tomorrow Foundation, Inc. has answered the call of not just a few, but thousands of women. Through the alleviation program, these women have progressed from earning less than a measly $1 a day, to surpassing realities beyond their dreams. They have learned to live a life where they can finally be called honorable. This is Project Dungganon.