Alma is one of Honor 1000’s Microfinance clients in the Philippines. Her main place of sale has been at schools catering primarily to students and teachers. But because the pandemic has forced schools to cease operations, Alma was faced with a new challenge.
Driven not to be defeated by the pandemic, Alma moved all her stock from the school to her home sari-sari store (a small convenience store) and started to adjust her sales opportunities.
With the loan capital she received from her most recent microloan, she purchased a freezer and extended her sari-sari store. The new freezer allowed her to add more frozen products that are very saleable in her area. Most people do not go to large supermarkets in fear of the virus, so Alma’s sari-sari store was the go-to place in her area. With the added income from the frozen products, she was able to start on her food vending as well.
Now that lockdown restrictions are lifting, she is able to go from house to house selling snacks and other food she prepared for the day. During this time, Alma has been able to adjust her small business and still make an income. Her next goal is to extend her home sari-sari store to have a place where people can sit and dine.
Alma shares that during the months where her business was not able to operate, she was able to draw on her saved income and still set aside repayments for her microloan. Because of the low interest rate of the program, Alma knew this was more than just a loan but rather an opportunity for her to pull herself out of poverty from people who believe in her and her family.
Help Filipino Families Break Away from the Cycle of Poverty
With your support of USD 385, we will be able to provide a vulnerable Filipino mom with a small business loan. Click on the links below to know more about the project, or to send through your support.
Dil lives with her daughter in a rural area 25 kilometers away from the city. They live in two rented rooms with a roof made up of zinc sheets. She works as a farm laborer to provide for her and her daughter.
Many Filipino families continue to suffer from the harsh consequences of prolonged lockdown in the country. Sadly, many of these parents are pushed to their limits and resort to exploitation (of their own children) as a means to earn a living.
Womokyid, 29, lives in the province with her family and aging parents. When she was younger, her father had an accident at work leaving him unable to work. Because of this, Womokyid had to stop school so she can help her mother take care of her father and earn income for their family. Now that she has a family of her own, her desire is to start a small restaurant of her own so can take care of her family while also earning a stable income.
Fujie, 44, is a single mother. She raised her son alone after her husband has left home many years ago. Her biggest regret was not being able to send her son to school to complete his studies. She hopes to be of help in any way she can.
Quijangtso first applied in the Husky Energy Tailoring Skills Program for Women in 2019 with the recommendation of the project coordinator and teachers. Faced with a lot of challenges, Quijangtso did not back down and continued to persevere.