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.