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
Last month, our co-founders Andrew and Julie Colquhoun went to Nepal to visit our current projects and partners in the region. They spent time with the girls that they have helped to get back to school through fifteen Captivating Village programs, and also checked the school where they will be attending. They also...
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We are happy to announce that Captivating International, with its Philippine field partner HONOR 1000, is launching a project to assist 200 underprivileged children in Manila slum communities. For the first batch, we selected 70 beneficiaries to receive educational assistance based on criteria such as income level, age, and family status. It...
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Jessica used to sell flavored drinks in a different town, but this meant being away from her three young kids. She then made the critical decision to transfer her small store so she could be with them. To do this, she needed additional capital, so she tried applying to our microfinance program. Because she is new...
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From a small grocery store, Mildred worked hard to get to this point. Through our microfinance program, her range of products grew from just pantry essentials to also include household supplies. This year, she also added ready-to-wear clothes to her store. She is grateful for the help of our Philippine field partner, Honor 1000, that contributed...
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Aside from providing loans for Filipinos through our microfinance program in the Philippines, one of the things we aim to do is start fellowship groups so we can provide the microfinance beneficiaries the necessary moral and emotional support as they start their small businesses.
We are grateful for this community and...
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“I got my hope back after I met My Business My Freedom”, says Asha.
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