A loan of $225 helped to purchase additional groceries to sell.

Dr. Joe Johnson funded a microloan to Rosemarie, a general store owner in the Philippines.

Here is Rosemarie’s Story

In the city of Tanjay in the Philippines lies a small general store that is run by Rosemarie, a hard working woman who has been in business for the last five years. In that time, her business has grown from strength to strength, and through her hard work, she has managed to support her family.

She went looking for a loan with Negros Women for Tomorrow Foundation, Inc. (NWTF), to help her increase her capital by 10,000 Philippine Pesos to grow her business by purchasing additional groceries to sell. This loan has been fully repaid, and Rosemarie is now on the way to providing secure future for herself and her family.

Funding Partners

Her loan was administered locally by NWTF, a non-governmental organization that was created with the aim of helping men and women attain financial stability and self-sufficiency. Their focus on this province was mainly due to the large number of low income communities that live in the area. With an average income of just US$ 7,000, many people in the Philippines find it hard to make ends meet, let alone fund the projects that will help them make more out of their lives. Dr. Joe Johnson, through NWTF and KIVA has fully funded Rosemarie’s loan for her general store. Together with the two organizations, Dr. Johnson is helping to transform the lives of hundreds of families, and is helping to elevate them above the poverty that they see every day.

This is because these organizations, and the people that help fund them, have one common goal; to ensure that microfinance services are provided to those who do not have any access to capital for their businesses. The Kiva foundation helps to bring people together, while NWTF identifies people on the ground who need these loans so that people like Dr. Johnson can fund them.

Rosemarie’s loan of $225 has helped her move one step closer to elevating her general store business. If you would like to help transform a community in the same way, you should visit Kiva.org, and browse through the thousands of loans that are in need of urgent funding. By funding a microloan, you will be helping to transform the life of one person, their family and indeed, their community.

Notes.

1. This article is based on http://www.kiva.org/lend/1000779