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 | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

Empowering Moms through Microfinance Program

Through our Microfinance Program in the Philippines, we are able to empower more mothers by helping them start their small businesses that can support their families. Here are just some of the beaming faces of the proud Filipina moms and their amazing business endeavors:

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END POVERTY | MY BUSINESS - MY FREEDOM | NEPAL

MBMF Continues to Grow

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END POVERTY | HONOR 1000 - MICRO FINANCE PHILIPPINES | PHILIPPINES

Starting Small Businesses to Uplift Women

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From raising quails, to selling softdrinks, and...




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.