Microloans: Moving Families Towards Sustainable Living

The Microfinance Program not only aims to provide assistance to impoverished yet determined mothers who wish to start their own small business, but works to see them succeed and improve their lives. This helps reduce the risk of being lured into the world of trafficking and cybersex to gain income.

Diosing is a mother of eight children. With so many mouths to feed, she and her husband were always looking for ways to provide for their large family but each day was a struggle. When she learned about the Honor 1000 Microfinance Program,  she did not hesitate to apply for a microloan. Through the small loan, she was able to add to her struggling hog raising and fish vending business.

Her small business is growing and her income has increased. Now on her third loan cycle, Diosing is able to start putting money away, saving for possible medical emergencies and their future. Her eight children now have the confidence that they will be able to complete their primary school, as well as access to higher education. They are also very excited to have electricity now connected to their house.

This large family is on their way to sustainability and independence. Not only is Diosing providing added income for her family but she is also showing her children that women can be successful small business owners.

Because of the amazing support of our donors, 2,249 women and their families are part of the Microfinance Program in the Philippines. 

 

Our Partners

           

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.




END POVERTY | MY BUSINESS - MY FREEDOM | NEPAL

Anita's Veggies

I am Anita. I have always wanted to give my children a better future but I never knew how to do it.




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

Persevering through Difficult Times

The situation in Nepal has been unstable since the start of pandemic - lockdowns implemented, schools and businesses closing, many becoming unemployed. Even our My Business My Freedom Program has gone through rough times, with some staff getting infected with COVID-19.




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

MBMF Women Looking Forward to Reopening their Businesses

Sangita is one of the many women in My Business My Freedom program who have been affected by the pandemic and the series of lockdowns implemented in Nepal. Her business was going well until the lockdown was announced due to the second wave of COVID-19.




END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

Microfinance Women and Staff Supporting Each Other

Because of the pandemic, most of the Philippines has been placed on lockdown since last year. This has challenged our program to adapt and comply with the health protocols that each municipality has set. We are grateful to have a dedicated team who diligently visits each area and client.




END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

Uplifting Financial Literacy of Filipino Moms

The journey to sustainability varies for each of the client moms of Honor 1000's Microfinance Program. There are various factors and conditions contributing to this, but one thing remains unchanged and that is the support provided to these moms.