Uplifting Financial Literacy of Filipino Moms

The journey to sustainability varies for each of the client moms of Honor 1000’s Microfinance Program. Others may be growing and upscaling their businesses, while most may only be starting to build their own little store. It can take them a couple of microloan cycles over a few years, depending on various factors such as how well their business may be doing, how quickly they are able to repay their loans, even personal circumstances and concerns.

Despite these various factors, one thing remains constant and that is the support provided to these mothers. Every client mom that wishes to avail a loan goes through a loan ceremony wherein the Microfinance Program staff share with the clients the organization’s mission, their commitment to regular client group meetings and payments, how to compute their weekly budgeting, and the two types of savings and why it is important. Both new and existing clients go through this loan ceremony before proceeding to their next loan cycle.

Encouragement and support are important, as well as increasing the mothers’ financial literacy to help them attain sustainability.

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. You may also join us this June in our global fundraising event –
STOP TRAFFICKING 5K. Click on the links below to know more.

  

Our Partners

   

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.




CHINA | END POVERTY | MY FIRST JOB PROGRAM

Getting ready to learn an employable skill

30 underprivileged women in rural Western China are getting excited about their opportunity to attend the next My First Job Assistant Chef Training Program. This successful program will see them move from being "furthest from employment" to earning stable incomes - many for the first time in their lives.




CHINA | END POVERTY | HUSKY ENERGY TAILORING SKILLS PROGRAM FOR WOMEN

Preparations for the 2021 Tailoring Program

Right now preparations are well underway for the 4th Husky (now part of the Cenovus group of companies) Tailoring Program for Women, Qinghai Province, China. Chosen from among many applicants, 30 women from underprivileged backgrounds will eventually be selected as the next group to commence their training.




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

Small Poultry Business for Dil

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.