Microloan Mercy – Bennett - Edna 984184 - Milestone 3.0

A loan of $225 helped to buy feeds and other supplies to raise her pig.

The Mercy Foundation funded a microloan to Edna, an animal farmer in the Philippines.

Edna's story

Edna is 51 years old and has two children. Edna is married and has one child still in school. She is in the agricultural business, pig fattening in the Philippines. Edna requested a PHP 10,000 loan through NWTF to buy feed and other supplies to raise her pig.

Edna has been in this business for 15 years now, and has borrowed three times in the past from NWTF to sustain it. In the future, Edna would like to save money to expand her business. Small microloans can be a tremendous help to Edna’s business.

The Mercy Foundation does not charge interest on microloans such as the one Edna sought out. These microloans are given purely for humanitarian, and not business purposes. However, the local field partner may charge interest on the loan. This is to help ensure that they can remain economically feasible.

Microloan Partner

The local 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.

The Negros Women for Tomorrow Foundation does great work, and genuinely helps people who need it in the Philippines. The Mercy Foundation was successfully able to fund this microloan to Edna with the help of the Negros Women for Tomorrow Foundation. Now Edna’s business is one step closer to financial self-sufficiency.

However, despite the fact that this microloan has been funded, there are still tens of thousands of entrepreneurs around the world who need access to capital to grow their businesses. Many of these entrepreneurs live in underserved places and capital is very difficult to come by. Luckily, Kiva makes it easy to provide microloans to entrepreneurs in need. So, if you would like to help a person who needs access to capital grow his or her business, please feel free to visit Kiva.org today.

Notes 1. This article is based on https://www.kiva.org/lend/984184.