As a young mother who is also the eldest in her family, Lyka is persevering to provide for her two toddlers and two siblings.
She received her first loan in 2019 and is now on her third loan cycle. She has an online business where she maximizes the use of social media to sell plants and second-hand clothes. She is grateful to have joined the Honor 1000 Microfinance Program before the pandemic because when lockdowns were implemented, she could no longer travel outside of their barangay (small district) which greatly affected her online business.
She needed to adapt to the situation. With the profit she saved from the growth of her online business, she started selling snacks with her husband. This was how they were able to provide for their family and siblings during the lockdowns. When collections for loan repayments resumed, Lyka was able to pay her weekly obligations on time.
Even with the unpredictable changes with COVID-19 restrictions, they are determined to continue their small snack vending business while Lyka is back on her online business.
Lyka wants to be a source of inspiration for her siblings that every effort, no matter how big or small, is a way to move forward, and that despite the challenges along the road, they can find ways to overcome those challenges together.
Help Filipino Families Break Away from the Cycle of Poverty
With your support of AU$385/US$270, we will be able to provide a vulnerable Filipino mom with a small business loan. Click on the links below to know more.
Our Partners
Kate and Glenn from Captivating recently visited Manila to check in on our programs in the Philippines.
One of their visits was...
54 SHARES
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...
56 SHARES
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...
47 SHARES
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...
34 SHARES
Her homemade goods are gaining reputation as she's receiving more orders from new customers and bigger orders from her loyal ones. We are excited to see how Racquel's business will grow from here.
28 SHARES
Rosalyn is one the recipients of our Microfinance Program in the Philippines. She is one of the pioneers of providing refillable water containers in her community. Though there are now other refilling stations in the area, since she has been serving them the longest she is able to establish her pool of loyal customers.
55 SHARES
