Mercidita's business and family home were destroyed by super typhoon Haiyan which swept through the Philippines last November 8, 2013. Mercidita has restarted her business and now needs to provide her family with safe shelter.
Mercidita has taken a PHP 7,000 housing loan through NWTF to purchase materials to rebuild her family home.
She is using this loan to purchase building materials and pay for construction labor.
Mercidita is committed to rebuild her devastated life and in future would like to save enough money so she can afford to send her children to college.
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.
About Housing Loans
Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.
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This loan has been fully funded!