Maura Hart, Manager, Knowledge and Communications blogs for Huffington Post Impact about how our Philippine network member Negros Women for Tomorrow Foundation (NWTF) has been helping low-income women entrepreneurs in its community build better futures for themselves and their families through the stories of Rosini, Christine, Jojie, Merlinda and Annabella, five successful loan clients.
Like most women around the world, the women of Talisay, a small city on the central Philippine island of Negros, juggle many duties throughout the day. They manage the household budget, feed their families, care for their children, and support their husbands and other family members. On top of all of these tasks, many low-income women in Talisay also run their own small businesses — many even operate multiple businesses. With hard work and resourceful entrepreneurial skills, they earn income to support critical needs for the family, including schools fees, housing costs and savings for emergencies.
As small business owners in the Philippines, these women often do not qualify for traditional loans and other commercial banking services. They look to nonprofit financial institutions like Negros Women for Tomorrow Foundation (NWTF) for financial services that are specifically designed to help them build their businesses.