Mercy Foundation Provides Loan
Mercy Foundation Funds to EmmaDeep in the heart of Bogo, in the province of Cebu in the Phillipines, you will find Emma. She is hard at work ensuring that her customers receive everything they need. This married woman has to work hard to ensure that all of her family’s needs are catered for, which is one reason why she opened her general store 30 years ago. She recently needed some assistance in running her business, and therefore approached the Negros Women for Tomorrow Foundation for a loan of 15,000 PHP. The funds she would receive would go towards buying more groceries for her to sell in her store. She hopes to save enough money so that she can provide her family with a more financially stable future.
Mercy Foundation Funds Loan with NWTFHer loan was locally disbursed by the Negros Women for Tomorrow Foundation (NWTF), an organization that is passionate about the underprivileged men and women of the country. The organization’s main aim is to ensure that the men and women of underprivileged societies become financially self reliant. They do this by offering their clients a host of services. Their offerings include microfinance services, training workshops, insurance policies, and business and livelihood workshops among many others. The funds that Kiva partners donate to the organization help it to expand its reach. NWTF wants to offer these products to even more people. Thanks to Kiva’s lending platform and the NWTF, the Mercy Foundation funds Emma’s loan. This brings her one step closer to realizing her dreams of providing a secure future for her family. Organizations such as these are helping to change the lives of millions of people by giving them an opportunity to break the cycle of poverty in which they find themselves. The system is very simple; Kiva brings donors like the Mercy Foundation together, while the NWTF identifies needy people on the ground and disburses the funds to them. The reason it is so successful is because everyone involved has the same goal, to ensure that underprivileged men and women have the tools that they need to escape the cycle of poverty they face. All can join the Kiva platform, and if you would like to do so, you should visit www.kiva.org, where you will find a long list of entrepreneurs who are in need of funding. Notes
- This article was based on https://www.kiva.org/lend/820665