From Strength to Strength

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.

  

Our Partners

   

END POVERTY | MY BUSINESS - MY FREEDOM | NEPAL

MBMF Continues to Grow

One of our programs in Nepal continues to grow in number. My Business My Freedom or MBMF aims to address extreme...




END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

Starting Small Businesses to Uplift Women

05 MAY 2022| HONOR 1000 - MICRO FINANCE PHILIPPINES | STOP HUMAN TRAFFICKING

There's nothing quite like being able to grow something from scratch. We are so blessed...




END POVERTY | MY BUSINESS - MY FREEDOM | NEPAL | STOP HUMAN TRAFFICKING

Shanti's Children Are Back in School

Shanti was married at an early age. Her husband works as a daily waged laborer and his minimal pay is not sufficient to provide for the family and the schooling of their children. Because of this, their daughter stopped going to school.




END POVERTY | MY BUSINESS - MY FREEDOM | NEPAL | STOP HUMAN TRAFFICKING

A New Start for Sunita

As a little girl, both of Sunita's parents passed away so she had no one to send her to school. She got married and moved to Pokhara with her husband to find work. But they struggled to earn sufficient money to even eat two meals a day.




END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES | STOP HUMAN TRAFFICKING

Nenita's Farm and Livestock

Nenita joined the Honor 1000 Microfinance Project in 2021. She and her husband are both vegetable and rice farmers and are working together to provided for their four children. She shares how the typhoons and floods affect their harvest season.




END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

A Mother Never Gives Up

Luisa is a single mom who perseveres to support her daughter. When she first joined the Honor 1000 Microfinance Program and started her rice cake business, it was also the time when lockdowns started happening in the Philippines.