Veronica is a successful entrepreneur who is always looking for good investing opportunities that will earn additional income. In her efforts to earn more income for her family, Veronica G. operates a general store and a cafeteria in their community, and also has a one-hectare rice field which is being farmed by her husband. Their combined business opportunities earn them a monthly income of approximately $215, which helps pay for the support of the family, her son's tuition, her weekly loan repayment and some savings for the future.
In the four years that she has been a member of NWTF-Project Dungganon, she has been able to maintain a good credit record by paying her installments on time, and to fully repay the loan within the promised period of time. Her previous loan of PHP 19,500 was applied to her business and she paid it all on time without any delinquency. For her 9th loan cycle, she is again borrowing PHP 19,500 so that she can stock her general store with more goods to resell to her customers. She plans to use the profits from this venture to support the needs of her family.
In a world full of challenges, Negros Women for Tomorrow Foundation, Inc. has answered the calling of not just of 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 the realities beyond their dreams. They have learned to live a life where they can finally be called honorable. This is Project Dungganon.
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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 men and 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 low-income urban and rural communities.
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