A loan of $175 helped to purchase more sacks of rice to sell.

Dr. Joe Johnson helped fund a loan for Jocelyn, an entrepreneur from the Philippines.

Here is Jocelyn’s Story

Roxas City, one of the Philippines’ many coastal cities in the Philippines, is home to Jocelyn, a married woman who has to work hard to provide for her family. One of the ways she does this is through her rice dealership, where she buys and sells rice to the community around her. She has been in the business for the last 20 years, and though it is her first love, she also has a small farm where she raises pigs which also help supplement her income.

She recently approached the Negros Women for Tomorrow Foundation for a loan of 7,000 Philippine Pesos (PHP) so that she could buy sacks of rice for her rice business. She hopes that in the future, she can use the profits that she gains from the additional rice to enable her to build and expand her business so that she can secure a financial future for herself and her family.

Locally, her loan was administered by the Negros Women for Tomorrow Foundation (NWTF), a non-governmental organization and Kiva partner that aims to provide the men and women of the Negros Occidental province with the chance to become financially independent. They do this by providing residents with a number of socio-economic services such as microfinance services, accidental death benefits, life insurance and hospital income benefits among others.

Through the Kiva lending platform and the NWTF, Dr. Joe Johnson was able to provide Jocelyn with the full funding for her loan, giving her the chance to achieve her dream. Organizations like these are changing the lives of millions of people across the globe by giving them an avenue to escape their lives of poverty. One of the reasons this works so well is because all the entities involved have the same goal, to ensure that financial services are provided to those that need them the most. Kiva helps to bring social entrepreneurs like Dr. Johnson together, while organizations like the NWTF then disburse the funds to underprivileged entrepreneurs that they have identified locally.

If you would like to transform the life of a low income family as well, why not visit www.kiva.org. The organization has a long list of entrepreneurs who are in dire need of funding.

GoodField Investments operates as Dr. Joe Johnson’s main investment firm to fund new startups and his own personal investments in real estate or other unorthodox and creative investments. For more information about GoodField, visit this website.

Notes 1.
This article is based on https://www.kiva.org/lend/837541