Teresita F. is 46 years old and their 7 children are between 13 to 25 years old, 6 of whom are still attending school. They live in the village of Batang Himamaylan City Negros Occidental. Her husband Ricardo helps her in running the business. She dreams that her children will finish in college and have a stable job, to help her husband improved their living and to look for an opportunity where she can develop her business and earn an income for a living.
Teresita's business is to sell different kind of ready to wear items like clothes, pants, hats, sacks and many more. They need to wake up early in the morning to go in different places where there is a market day. But she noticed that she need additional stocks to compete other traders. Her problem is that she lack capital.
In the year 2000, she joins NWTF-Project Dungganon to find additional capital for her ambulant business. Her stocks increased and her income also increased, aside from this she also put up her general store adjacent to her house. Her businesses are a big help to her family especially for the education of her children. As her loan increases her opportunity to invest in other business was high, so she expanded business into Food Vending and puts the finished product in her general store. Now she earns Php 15,000 per month and she save most of her income for the education and family expenses.
Her previous loan of Php 26,000 was use as additional capital for her business especially in ambulant vending. She maintain her good credit performance by paying her loan on time and in full without delayed. Teresita borrows her 13th cycle loan with the same amount of Php 26,000 to be use as additional working capital for her general store.
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 Dungganon (a Hiligaynon word that means Honorable). Through the alleviation program, NWTF is empowering these women to progress out of 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 Dungganon - a title of esteem that is bestowed to a member of a community who has earned the respect through a lifetime of hard and honest work.
About Negros Women for Tomorrow Foundation
Negros 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.