Tuesday, April 11, 2017
Santiago Microloan – Mercy Foundation – Bennett O’Brien
A loan of $350 helped to maintain his coffee plants by purchasing pesticides and fertilizers as well as paying labour costs.
The Mercy Foundation funded a microloan to Santiago, a coffee farmer in Peru.
Santiago's story
Santiago is 38 years old and lives with his wife and their 4 children in their own rustic home located in the Santo Tomás district, in the province of Cutervo in Cajamarca, in Peru's northern sierra region. The local inhabitants of this area typically work in agriculture, animal husbandry and business.
Santiago works in agriculture, in particular he has been growing a coffee variety known as Catimor for the last 3 years. He is quite experienced in this and he has an excellent reputation in his personal and business affairs. He applied for this loan so that he can maintain his cultivation of coffee by paying for pesticides and fertilisers as well as labour costs which will allow him to hire extra workers to assist him in his work.
Santiago hopes that this will enable him to increase his production level and harvest so that he will have more to sell to his customers and, subsequently, increase his income in order to improve his family's standard of living.
In Peru, where Santiago lives and operates his farming business, the average annual income is just $12,000. Due to this, microloans can have a strong positive impact for entrepreneurs like Santiago. This is true even if the microloan is just a few hundred dollars.
Microloan Partner
This product was created to assist Edpyme Alternativa to expand their reach into rural areas of Northern Peru in order to attend more underserved populations. Kiva funding allows the institution to access the Northern areas of the Piura, Lambayeque, and Cajamarca regions, which are generally too costly to serve and therefore less attended by financial institutions.
With the help of Edpyme Alternativa, the Mercy Foundation successfully funded this microloan to Santiago! Now he can purchase the pesticides that he needs, and pay labour costs as well. This can help him to keep progressing his business in the right direction.
Even though this microloan has now been funded, there are still countless entrepreneurs around the world who desperately need access to capital. If you would like to fund a loan to an entrepreneur in need, please feel free to visit Kiva.org today! Even small amounts can go a very long way, and your help will be much appreciated.
Notes
1. This article is based on https://www.kiva.org/lend/827242
Mercy Foundation is on a mission to provide countless entrepreneurs the world over funding for there livelihood. The organization liquidates donations of underutilized real estate assets to fund such financial assistance to hardworking entrepreneurs. This, it believes, is the road to financial independence. For more about the foundation’s work, visit its website.
Thursday, March 16, 2017
Microloan Mercy – Bennett – Merceline 984070 – Milestone 5
A loan of $200 helped to purchase more stock of wheat flour, maize flour, sugar, and rice.
The Mercy Foundation funded a microloan to Merceline, a retail store owner in Kenya.
Merceline's story
Merceline is a married woman with three children, all of whom attend school. She lives at her own house that has electricity but no piped water. Her greatest monthly expenses are food for the family and school fees.
For the past five years, she has operated a retail shop business, selling to other residents. She faces the major challenge of stiff competition in her business. She dreams of opening another shop outlet in the future.
With the loan that she requested of KES 20,000, she wants to purchase more stock of wheat flour, maize flour, sugar and rice. She decided to join Yehu to access loans to boost her business. With a greater inventory, Merceline will be able to sell more products, and generate more profits.
So, this microloan could be a very helpful step on Merceline’s journey to get her business to become completely financially self-sufficient. In Kenya, where Merceline lives and operates her business, the average annual income is only $1,800. So, a microloan of even just $200 can be extremely helpful for entrepreneurs in the area.
Microloan Partner
The field partner for this microloan is the Yehu Microfinance Trust. The Yehu Microfinance Trust was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.
The Mercy Foundation has successfully funded this loan to Merceline! It was able to do this with the help of Yehu Microfinance Trust. Now Merceline can go and buy all of the supplies that she needs to boost her inventory. This will make her store more robust, and it can help her to expand her customer base and her profits.
The Mercy Foundation will not take any interest on this microloan. Instead the loan is purely a humanitarian offering designed to help an entrepreneur in need. However, the local field partner may take interest payment as a way to stay economically feasible. This loan has successfully been funded to the entrepreneur who needed it. However, there are still countless entrepreneurs in underserved nations who need access to capital. If you would like to fund an entrepreneur in need, please feel free to visit Kiva.org today!
Notes
1. This article is based on https://www.kiva.org/lend/984070
Mercy Foundation comes to the aid of entrepreneurs in need of capital by issuing microloans funded by donations of underutilized real estate. For more on its mission to aid micro-entrepreneurs, visit this website.
Thursday, March 9, 2017
A loan of $200 helped to buy additional items to sell like toothpaste, soap, condiments, groceries, etc.
The Mercy Foundation funded a microloan to Brenda, a household items retailer in the Philippines.
Brenda's Story
Brenda is 47 years old, married, and has seven children, two of whom attend school. Brenda works very hard to provide for them.
She runs a general store in the Philippines and requested a 8,000 PHP loan through NWTF to buy additional items to sell like toothpaste, soap, condiments, groceries, etc. Brenda has been in this business for four years now.
In the future, Brenda would like to save enough money so she can afford to send her children to college.
With the extra inventory, Brenda can sell more products and make more money. Then, she can reinvest the profits back into her business. This can help set Brenda set her business up for growth.
In the Philippines, where Brenda lives and operates her business, the average annual income is only $7,000. This means that even small microloans can have a very significant impact. With a $200 microloan, Brenda can help fuel her business’ growth to the next level of success.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The 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.
With the help of NWTF, the Mercy Foundation has successfully funded this microloan to Brenda! Now she can purchase the supplies that she needs for her inventory. Brenda’s business will be much better off with the additional supplies. The microloan is great news for her, her family, and the members of her community who buy household items from her.
The Mercy Foundation will not receive any interest on the microloan that it provided to Brenda. Instead, it was only meant to be a humanitarian offering for an entrepreneur in need.
However, despite the fact that this microloan has now been funded, there are still many more entrepreneurs in need around the world, who desperately need access to capital. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit Kiva.org today!
Mercy Foundation liquidates donated underutilized real estate assets and uses these fund the growth of small-scale businesses in developing countries like the Philippines. Know more about the organization’s quest to empower struggling entrepreneurs on this website.
Notes
1. This article is based on https://www.kiva.org/lend/837476.
Brenda's Story
Brenda is 47 years old, married, and has seven children, two of whom attend school. Brenda works very hard to provide for them.
She runs a general store in the Philippines and requested a 8,000 PHP loan through NWTF to buy additional items to sell like toothpaste, soap, condiments, groceries, etc. Brenda has been in this business for four years now.
In the future, Brenda would like to save enough money so she can afford to send her children to college.
With the extra inventory, Brenda can sell more products and make more money. Then, she can reinvest the profits back into her business. This can help set Brenda set her business up for growth.
In the Philippines, where Brenda lives and operates her business, the average annual income is only $7,000. This means that even small microloans can have a very significant impact. With a $200 microloan, Brenda can help fuel her business’ growth to the next level of success.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The 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.
With the help of NWTF, the Mercy Foundation has successfully funded this microloan to Brenda! Now she can purchase the supplies that she needs for her inventory. Brenda’s business will be much better off with the additional supplies. The microloan is great news for her, her family, and the members of her community who buy household items from her.
The Mercy Foundation will not receive any interest on the microloan that it provided to Brenda. Instead, it was only meant to be a humanitarian offering for an entrepreneur in need.
However, despite the fact that this microloan has now been funded, there are still many more entrepreneurs in need around the world, who desperately need access to capital. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit Kiva.org today!
Mercy Foundation liquidates donated underutilized real estate assets and uses these fund the growth of small-scale businesses in developing countries like the Philippines. Know more about the organization’s quest to empower struggling entrepreneurs on this website.
Notes
1. This article is based on https://www.kiva.org/lend/837476.
Tuesday, March 7, 2017
A loan of $225 helped to purchase more stock of clothes to sell.
The Mercy Foundation has helped fund a loan for Linet, an entrepreneur from Kenya.
Here is Linet’s Story
Living in the heart of the pulsing capital city of Nairobi, you will find a hardworking woman known as Linet. She is a woman who has built her business over a period of five years with loans. She is a visionary, and is looking to elevate her business before a heavy season. She knows that in December, her sales will he high as it is the peak period, so she wants to build up her stock before then. Her ultimate goal is to open another branch of her business within the next five years.
Linet decided to approach SMEP Microfinance Bank for a loan of Kshs. 20,000 to help her boost her business and get some more stock for sale. She intends to use the money to buy more clothes. This will make it possible for her to get some more income so that she can put money aside elevate her standard of living. Her decision to take a loan from the SMEP Microfinance Bank was inspired by noting others in her circle of friends who had benefited from the loans.
Her loan was locally administered by the SMEP Microfinance Bank, an organization that is determined to help alleviate poverty in Kenya. They work towards empowering populations that have been marginalized, and she would like to ensure that they are left in a position where they are self-sustaining.
The Mercy Foundation chose to fully fund the loan that SMEP Microfinance Bank awarded Linet through Kiva. Kiva, the SMEP Microfinance Bank, and Mercy Foundation are working together to change people’s lives. For this reason, they will continue working towards creating an excellent future for those in need.
Kiva helps to bring all these organizations together. SMEP Microfinance Bank then distribute the funds to needy individuals on the ground. All these companies work towards same goal. They all seek to empower people from lower income households, so that they may be financially independent.
Linet can make her dream come true now, and expand her business. Should you want to help an entire community, by providing funding for a single person, why not visit www.kiva.org, where you will find a long list of entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/812373
Mercy Foundation has given microloans to small-scale business operators who are vulnerable to economic struggles. The foundation vets the worthiness of these hardworking entrepreneurs and uses the liquidation of donations of underutilized real estate assets to fund the growth of microenterprises in developing countries such as Kenya and the Philippines. To know more about its beneficiaries and vision, visit its official website.
Here is Linet’s Story
Living in the heart of the pulsing capital city of Nairobi, you will find a hardworking woman known as Linet. She is a woman who has built her business over a period of five years with loans. She is a visionary, and is looking to elevate her business before a heavy season. She knows that in December, her sales will he high as it is the peak period, so she wants to build up her stock before then. Her ultimate goal is to open another branch of her business within the next five years.
Linet decided to approach SMEP Microfinance Bank for a loan of Kshs. 20,000 to help her boost her business and get some more stock for sale. She intends to use the money to buy more clothes. This will make it possible for her to get some more income so that she can put money aside elevate her standard of living. Her decision to take a loan from the SMEP Microfinance Bank was inspired by noting others in her circle of friends who had benefited from the loans.
Her loan was locally administered by the SMEP Microfinance Bank, an organization that is determined to help alleviate poverty in Kenya. They work towards empowering populations that have been marginalized, and she would like to ensure that they are left in a position where they are self-sustaining.
The Mercy Foundation chose to fully fund the loan that SMEP Microfinance Bank awarded Linet through Kiva. Kiva, the SMEP Microfinance Bank, and Mercy Foundation are working together to change people’s lives. For this reason, they will continue working towards creating an excellent future for those in need.
Kiva helps to bring all these organizations together. SMEP Microfinance Bank then distribute the funds to needy individuals on the ground. All these companies work towards same goal. They all seek to empower people from lower income households, so that they may be financially independent.
Linet can make her dream come true now, and expand her business. Should you want to help an entire community, by providing funding for a single person, why not visit www.kiva.org, where you will find a long list of entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/812373
Mercy Foundation has given microloans to small-scale business operators who are vulnerable to economic struggles. The foundation vets the worthiness of these hardworking entrepreneurs and uses the liquidation of donations of underutilized real estate assets to fund the growth of microenterprises in developing countries such as Kenya and the Philippines. To know more about its beneficiaries and vision, visit its official website.
Thursday, February 23, 2017
A loan of $450 helped to buy farm inputs and fertilizers to increase yield.
The Mercy Foundation helped fund a microloan for Elizabeth, a farmer from the Philippines.
Here is Elizabeth’s Story
Should you ever visit the municipality of Molave – Mahayag Zamboanga del Sur in the Philippines, you will probably find Elizabeth tending to her farm. This middle aged woman has 5 children, and being the only breadwinner, she has to work extra hard to cater to all their needs. She has been doing this for several years, and has managed to advance her business through loans. Since she always pays back the loans on time, she is a Member in Good Standing, revealing that she can be trusted for another loan.
In an effort to continue to run her farm smoothly, Elizabeth recently approached the Paglaum Cooperative for a 20,000 PHP loan. The money would go towards buying farm inputs and fertilizers and for paying labor costs for cultivating their land. She hopes that one day she will be able to expand her farm and own a jeepney someday.
Her loan was locally disbursed by the Paglaum Multi-Purpose Cooperative, an organization that takes pride in its holistic approach to poverty alleviation. The company’s main aim is to ensure that low income families attain self-sufficiency, especially in the province of Mindanao and Visayas. The organization does this by providing its members with access to finance. Through the Kiva lending platform and the Paglaum Multi-Purpose Cooperative, The Mercy Foundation chose to fully fund Elizabeth’s loan of 20,000 PHP, helping her take the next step on the journey to fulfil her dreams. Thousands of lives across the globe have been changed thanks to organizations such as these, as they help to provide low income earners with the tools that they need to escape the poverty that surrounds them.
This system works in a simple way. Kiva helps foundations provide funds, while the Paglaum Multi-Purpose Cooperative identifies needy people on the ground and disburses the donated funds to them. This is all able to work smoothly because all the entities involved would like to see low income earners gain access to quality microfinance services. You can join the Kiva lending platform, and if you would like to change the life of a person in the same way as the Mercy Foundation. Just visit www.kiva.org. The website contains thousands of needy entrepreneurs.
Notes
1. This article was based on https://www.kiva.org/lend/787733
For Mercy Foundation, mitigating the scourge of poverty requires sustainable measures. The organization then supports underprivileged entrepreneurs in their quest for financial independence by giving them access to microloans. These are generated when the foundation liquidates donations of underutilized real estate assets. For more on what the foundation does, visit this website.
Thursday, February 16, 2017
A loan of $275 helped to buy items to sell like shampoo, groceries, etc.
The Mercy Foundation funded a microloan for Julie, an entrepreneur from the Philippines.
Here is Julie’s Story
Julie is a very hardworking, middle aged woman who comes from the municipality of Ivisan in the Philippines. This 56 year old married mother of four has to work extremely hard to support herself and her family, something that she has been doing for the last two years through her general store.
In an effort to ensure that operations at the store continue to run smoothly, Julie approached the Negros Women for Tomorrow Foundation for a loan. This is not the first time that the organization has assisted her with her business, and the last four loans that she applied for were all repaid in a timely manner. The loan that she requested would go towards buying additional inventory for her to sell in her store, including consumables and cosmetics. She hopes that her business will enable her to save enough money so that she it can continue to grow, and she can provide her family with a more secure future.
Her loan was locally administered by the Negros Women for Tomorrow Foundation (NWTF) a non-governmental organization that aims to ensure that all the low income families of the province of Negros Occidental become self-reliant. The organization does this by providing its members with a wide range of socioeconomic services, including microfinance services, training programs, business and livelihood workshops, hospital income benefits, accidental death benefits, among others.
Thanks to the NWTF, and Kiva’s lending platform, the Mercy Foundation was able to provide full funding for Julie’s loan. This not only allowed her to get everything she needed for her store, it also help ensure that she continues to work towards achieving her dream of providing a secure future for her family. Thousands of people from around the globe have had their lives transformed by organizations such as these, which give them the tools to escape the poverty that surrounds them.
Kiva helps to bring people together, while organizations like the NWTF help to identify people on the ground who are in need of funding. If you would also like to help transform the life of someone in the same way, you should visit www.kiva.org. The website is host to a large database of underprivileged entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/819491
Mercy Foundation has come to the aid of many struggling entrepreneurs by providing them microloans. The organization believes that instilling financial independence among its beneficiaries is the most sustainable solution to poverty. Moreover, it generates microloans by liquidating donations of underutilized real estate. For more information on its work, visit its official website.
Here is Julie’s Story
Julie is a very hardworking, middle aged woman who comes from the municipality of Ivisan in the Philippines. This 56 year old married mother of four has to work extremely hard to support herself and her family, something that she has been doing for the last two years through her general store.
In an effort to ensure that operations at the store continue to run smoothly, Julie approached the Negros Women for Tomorrow Foundation for a loan. This is not the first time that the organization has assisted her with her business, and the last four loans that she applied for were all repaid in a timely manner. The loan that she requested would go towards buying additional inventory for her to sell in her store, including consumables and cosmetics. She hopes that her business will enable her to save enough money so that she it can continue to grow, and she can provide her family with a more secure future.
Her loan was locally administered by the Negros Women for Tomorrow Foundation (NWTF) a non-governmental organization that aims to ensure that all the low income families of the province of Negros Occidental become self-reliant. The organization does this by providing its members with a wide range of socioeconomic services, including microfinance services, training programs, business and livelihood workshops, hospital income benefits, accidental death benefits, among others.
Thanks to the NWTF, and Kiva’s lending platform, the Mercy Foundation was able to provide full funding for Julie’s loan. This not only allowed her to get everything she needed for her store, it also help ensure that she continues to work towards achieving her dream of providing a secure future for her family. Thousands of people from around the globe have had their lives transformed by organizations such as these, which give them the tools to escape the poverty that surrounds them.
Kiva helps to bring people together, while organizations like the NWTF help to identify people on the ground who are in need of funding. If you would also like to help transform the life of someone in the same way, you should visit www.kiva.org. The website is host to a large database of underprivileged entrepreneurs who are in need of funding.
Notes
1. This article was based on https://www.kiva.org/lend/819491
Mercy Foundation has come to the aid of many struggling entrepreneurs by providing them microloans. The organization believes that instilling financial independence among its beneficiaries is the most sustainable solution to poverty. Moreover, it generates microloans by liquidating donations of underutilized real estate. For more information on its work, visit its official website.
Thursday, February 9, 2017
A loan of $450 helped to purchase clothing for sale.
The Mercy Foundation funded Delia, a clothing saleswoman in the Philippines.
Here is Delia’s Story
Delia is amongst the most enterprising women in the municipality of Plaridel-Tipolo in the Philippines. She has been selling clothing successfully in the area for a while now, and has been looking for ways to improve her situation so that she can enjoy even more good fortune. Her main goal is to ensure that she always have an excellent level of inventory, so that she is able provide for her family.
Her quest to make a better life for herself led her to the Paglaum Multi-Purpose Cooperative (PMPC), where she signed up as a member so that she could be eligible for a loan. She started her business with a loan from this organization, and has been getting more loans from them to help her ever since. She clearly has the determination needed to make her business a success.
PMPC is a cooperative that was founded over 20 years ago to help the people in the Philippine northwestern provinces of Mindanao and Visayas gain access to funds. These funds that would then help them to begin economic and livelihood activities that would lead to sustainability. The organization is seen as a beacon of hope, not only because in the local vernacular Paglaum means hope, but also because of the help it has provided thousands of people in the two provinces.
As a Kiva partner, PMPC enabled the Mercy Foundation to fully fund the $450 loan that Delia requested. Organizations such as PMPC and Kiva, and the partnerships that they have built with foundations such as the Mercy Foundation, are helping to change the lives of thousands of families, and elevate these families above the poverty that surrounds them. For these organizations, that is their main aim, to ensure that microfinance services are provided to those that need them the most. To enable people to benefit from these services, Kiva helps to bring people together, while PMPC identifies people on the ground that would benefit from the money that the investors provide. Delia now has the chance to expand her business and gain that good fortune that she has been looking for. If you would like to transform the lives of people like her by investing in them, you should visit Kiva.org and browse through the thousands of loans that need urgent funding. By funding a microloan, you can make a permanent change in the life of someone and a community.
Mercy Foundation is a non-profit aiming to uplift the quality of life of the impoverished through microfinance. The organization liquidates donated underutilized real estate assets and converts these to loans for their beneficiaries. Their solution to poverty is economic sustainability through financial independence. Know more about Mercy Foundation’s projects through this website.
Notes 1.
This article is based on https://www.kiva.org/lend/786951
Here is Delia’s Story
Delia is amongst the most enterprising women in the municipality of Plaridel-Tipolo in the Philippines. She has been selling clothing successfully in the area for a while now, and has been looking for ways to improve her situation so that she can enjoy even more good fortune. Her main goal is to ensure that she always have an excellent level of inventory, so that she is able provide for her family.
Her quest to make a better life for herself led her to the Paglaum Multi-Purpose Cooperative (PMPC), where she signed up as a member so that she could be eligible for a loan. She started her business with a loan from this organization, and has been getting more loans from them to help her ever since. She clearly has the determination needed to make her business a success.
PMPC is a cooperative that was founded over 20 years ago to help the people in the Philippine northwestern provinces of Mindanao and Visayas gain access to funds. These funds that would then help them to begin economic and livelihood activities that would lead to sustainability. The organization is seen as a beacon of hope, not only because in the local vernacular Paglaum means hope, but also because of the help it has provided thousands of people in the two provinces.
As a Kiva partner, PMPC enabled the Mercy Foundation to fully fund the $450 loan that Delia requested. Organizations such as PMPC and Kiva, and the partnerships that they have built with foundations such as the Mercy Foundation, are helping to change the lives of thousands of families, and elevate these families above the poverty that surrounds them. For these organizations, that is their main aim, to ensure that microfinance services are provided to those that need them the most. To enable people to benefit from these services, Kiva helps to bring people together, while PMPC identifies people on the ground that would benefit from the money that the investors provide. Delia now has the chance to expand her business and gain that good fortune that she has been looking for. If you would like to transform the lives of people like her by investing in them, you should visit Kiva.org and browse through the thousands of loans that need urgent funding. By funding a microloan, you can make a permanent change in the life of someone and a community.
Mercy Foundation is a non-profit aiming to uplift the quality of life of the impoverished through microfinance. The organization liquidates donated underutilized real estate assets and converts these to loans for their beneficiaries. Their solution to poverty is economic sustainability through financial independence. Know more about Mercy Foundation’s projects through this website.
Notes 1.
This article is based on https://www.kiva.org/lend/786951
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