Thursday, March 23, 2017
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.
Thursday, March 16, 2017
A loan of $250 helped to purchase ingredients for her food production business.
I funded a microloan to Esterlina, a food vendor in the Philippines.
Esterlina's story
As a married parent of five children, Esterlina works hard to support her family. She has a food vending business in the Philippines, and also earns additional income from direct selling personal collection products. Esterlina is borrowing PHP 10,000 through NWTF to purchase ingredients for her food production business.
She hopes that her hard work will help her attain her dream to save enough money so she can afford to send her children to college.
In the Philippines, where Esterlina lives and works, the average annual income is only $7,000. This means that microloans even of just a few hundred dollars can be very helpful for entrepreneurs who need capital to grow their businesses, like Esterlina.
One day, Esterlina wants her business to reach a level of success where it is completely financially self-sufficient. It is not quite there, but with a microloan, and with a lot of hard work on Esterlina’s part, it could be there one day.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The 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, I successfully funded this microloan to Esterlina! Now she can purchase the supplies that she needs in order to help grow her business. The larger her inventory is, the more food that she can sell, the more customers she can gain, and the more profits she can make. So, this microloan will help her to advance her business.
Although I funded this microloan to Esterlina, I will not be receiving any interest on it. Instead, I only intended the microloan to be a humanitarian offering to help an entrepreneur in need. The local field partner may receive interest, however.
There are many entrepreneurs around the world like Esterlina, who still need access to microloans. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit kiva.org today!
Esterlina joins a growing number of small-scale business owners from developing countries like the Philippines who have received life-changing microloan from Dr. Joe Johnson and GoodField Investments. For more information, visit this website.
Notes
1. This article is based on https://www.kiva.org/lend/835382.
Esterlina's story
As a married parent of five children, Esterlina works hard to support her family. She has a food vending business in the Philippines, and also earns additional income from direct selling personal collection products. Esterlina is borrowing PHP 10,000 through NWTF to purchase ingredients for her food production business.
She hopes that her hard work will help her attain her dream to save enough money so she can afford to send her children to college.
In the Philippines, where Esterlina lives and works, the average annual income is only $7,000. This means that microloans even of just a few hundred dollars can be very helpful for entrepreneurs who need capital to grow their businesses, like Esterlina.
One day, Esterlina wants her business to reach a level of success where it is completely financially self-sufficient. It is not quite there, but with a microloan, and with a lot of hard work on Esterlina’s part, it could be there one day.
Microloan Partner
The field partner for this microloan is the Negros Women for Tomorrow Foundation (NWTF). The 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, I successfully funded this microloan to Esterlina! Now she can purchase the supplies that she needs in order to help grow her business. The larger her inventory is, the more food that she can sell, the more customers she can gain, and the more profits she can make. So, this microloan will help her to advance her business.
Although I funded this microloan to Esterlina, I will not be receiving any interest on it. Instead, I only intended the microloan to be a humanitarian offering to help an entrepreneur in need. The local field partner may receive interest, however.
There are many entrepreneurs around the world like Esterlina, who still need access to microloans. If you would like to fund a microloan to an entrepreneur in need, please feel free to visit kiva.org today!
Esterlina joins a growing number of small-scale business owners from developing countries like the Philippines who have received life-changing microloan from Dr. Joe Johnson and GoodField Investments. For more information, visit this website.
Notes
1. This article is based on https://www.kiva.org/lend/835382.
Thursday, March 9, 2017
A loan of $275 helped to purchase more products to sell.
I helped fund a microloan for Leony, a saleswoman from the Philippines
Here is Leony’s Story
Leony is a woman that lives in Dumaguete, Negros Occidental, Philippines. She is married with a total of six children. All of her children are in school which is why she works so hard as an entrepreneur. She has been selling direct to consumer for Splash products for a total of five years. This is the business that has helped her to achieve success.
As a woman who is so hardworking, she wants to build her business by expanding the number of products that she has available for sale. If she can do this, then she will be able to send her children to college. Recently, Leony approached the Negros Women for Tomorrow Foundation for a loan to help her grow her business. She asked for a loan of PHP 12,000 and awaited feedback on a possible funder.
Locally, her loan was administered by the Negros Women For Tomorrow Foundation (NWTF). This Kiva partner and non-governmental organization is focused on ensuring that the men and women of the province of Negros Occidental gain financial security. They do this by offering a number of services, from microfinance services to insurance premiums, health and dental missions, accidental death benefits and hospital income benefits.
Using the Kiva lending platform and the NWTF, I was able to fully fund Leony’s loan, so that she could be confident that she would provide for her family. Organizations like these, along with social entrepreneurs such as myself are helping to transform the lives of thousands of low income earners by giving them the tools they need to escape the poverty that surrounds them.
Kiva is a site that brings social entrepreneurs like myself together, while organizations like the NWTF identify needy people on the ground, and distribute the funds that are donated. One of the reasons this system works so well is because all the organizations involved have the same goal; to provide microfinance services to low income earners who cannot access traditional forms of capital. Should you like to change the life of an entrepreneur that is struggling in the same way, you should visit www.kiva.org. The website contains a long list of entrepreneurs from a range of regions who are in desperate need of funding.
Dr. Joseph Johnson is a witness to the many lives changed through a microloan given to small entrepreneurs throughout the world. Visit this website for more information about the funding provided to entrepreneurs by Dr. Johnson and his firm, GoodField Investments.
Notes
1. This article is based on https://www.kiva.org/lend/808345
Thursday, March 2, 2017
Binti Microloan – Johnson – Bennett O’Brien
A loan of $550 helped to purchase stock of cosmetics for resale.
I funded a microloan to Binti, a cosmetics shop owner
Binti's story
Binti is a married woman with two children, both of whom attend school. She lives at her own house that has neither electricity nor piped water. Her greatest monthly expenses are food and school fees for the family.
For the past 15 years, she has operated a cosmetics selling shop business, selling at retail to her neighbours and passersby. Her potential customers are neighbours and passersby. She faces a major challenge of the high cost of transportation in her business.
With the loan that she is requesting of KES 50,000, she wants to purchase stock of cosmetics for resale. She decided to join Yehu to access loans to boost her business.
Binti lives and operates her business in the nation of Kenya. In Kenya, the average yearly income is just $1,800. This means that microloans, even of just a few hundred dollars can have a very strong positive impact on the businesses of entrepreneurs like Binti.
Binti’s ultimate goal is to get her business to the point where it is completely financially self-sustaining. It is not there yet, however, this microloan could help Binti get one step closer to reaching her goal.
Microloan Partner
The field partner for this microloan is Yehu Microfinance Trust. Yehu Microfinance Trust was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.
With the help of Yehu Microfinance Trust, I successfully funded this microloan to Binti! Now she can purchase the cosmetics that she needs to expand her inventory. Having an increased inventory can help Binti make more sales and grow her business. This microloan is excellent news for Binti, her family, and all of the members of her community who purchase cosmetics from her.
Despite the fact that Binti’s microloan has now been funded, there are still entrepreneurs all over the world who live in underserved nations, and who desperately need access to microfinancing. If you would like to provide a microloan to an entrepreneur in need, please feel free to visit kiva.org!
Even small amounts can go a very long way. Your help will be appreciated and it could help change people’s lives in a very positive way.
Dr. Joseph Johnson and GoodField Investments support disadvantaged entrepreneurs from all over the world with life-changing microloans. To read more similar success stories, visit this website.
Notes
1. The article is based on https://www.kiva.org/lend/833916.
I funded a microloan to Binti, a cosmetics shop owner
Binti's story
Binti is a married woman with two children, both of whom attend school. She lives at her own house that has neither electricity nor piped water. Her greatest monthly expenses are food and school fees for the family.
For the past 15 years, she has operated a cosmetics selling shop business, selling at retail to her neighbours and passersby. Her potential customers are neighbours and passersby. She faces a major challenge of the high cost of transportation in her business.
With the loan that she is requesting of KES 50,000, she wants to purchase stock of cosmetics for resale. She decided to join Yehu to access loans to boost her business.
Binti lives and operates her business in the nation of Kenya. In Kenya, the average yearly income is just $1,800. This means that microloans, even of just a few hundred dollars can have a very strong positive impact on the businesses of entrepreneurs like Binti.
Binti’s ultimate goal is to get her business to the point where it is completely financially self-sustaining. It is not there yet, however, this microloan could help Binti get one step closer to reaching her goal.
Microloan Partner
The field partner for this microloan is Yehu Microfinance Trust. Yehu Microfinance Trust was founded in 1998 as a project of CHOICE Humanitarian Kenya. In July 2007, Yehu became a separate entity from CHOICE and was registered as a trust. Since then, Yehu has expanded to cover over half of Kenya’s 13 coastal districts.
With the help of Yehu Microfinance Trust, I successfully funded this microloan to Binti! Now she can purchase the cosmetics that she needs to expand her inventory. Having an increased inventory can help Binti make more sales and grow her business. This microloan is excellent news for Binti, her family, and all of the members of her community who purchase cosmetics from her.
Despite the fact that Binti’s microloan has now been funded, there are still entrepreneurs all over the world who live in underserved nations, and who desperately need access to microfinancing. If you would like to provide a microloan to an entrepreneur in need, please feel free to visit kiva.org!
Even small amounts can go a very long way. Your help will be appreciated and it could help change people’s lives in a very positive way.
Dr. Joseph Johnson and GoodField Investments support disadvantaged entrepreneurs from all over the world with life-changing microloans. To read more similar success stories, visit this website.
Notes
1. The article is based on https://www.kiva.org/lend/833916.
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