A loan of $350 helped to purchase more groceries to resell.

I funded a microloan to Myrden Joy, a grocery retailer in the Philippines.

Myrden Joy's story

Myrden Joy is 44 years old, married, and has 2 children who are both in school.

Myrden Joy works hard to provide for her family. She runs a general store in the Philippines and has requested a 15,000 PHP loan through Negros Women for Tomorrow Foundation in order to purchase more groceries to sell.

Myrden Joy has previously borrowed and successfully repaid 4 loans from NWTF. She has been running her general store for 20 years and also earns income from selling personal care products.

Myrden Joy aspires to save enough money to expand her business and continue sending her children to college.

The average annual income in the Philippines, where Myrden Joy lives with her family and operates her business is $7,000. Because of this, microloans can go a very long way for business owners and entrepreneurs like Myrden Joy in the nation. This is true even if they are just a few hundred dollars.

Microloan Partner

The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). 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 the Negros Women for Tomorrow Foundation, the Mercy Foundation successfully funded this microloan to Myrden Joy! Now she can use the money to purchase more grocery items to sell to her company. An expanded inventory can significantly help Myrden Joy’s business. This microloan is great news for Myrden Joy, her family, and all of the members of her community who purchase groceries from her store.

Depsite the fact that this microloan has now been successfully funded to Myrden Joy, there are still countless entrepreneurs around the world who still desperately need access to capital. Many of these entrepreneurs live in very underserved nations.

If you would like to fund a microloan to an entrepreneur in need, please feel free to visit kiva.org. Even small amounts can go a very long way!

Dr. Joseph Johnson of GoodField Investments has been helping many small-scale entrepreneurs like Myrden Joy grow their business through microfinancing. More on these life-changing microloans that Dr. Johnson helps fund can be read here.

Notes

1. This microloan is based on https://www.kiva.org/lend/824338.