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
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...
60 SHARES
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...
48 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...
51 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...
51 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...
16 SHARES
“I got my hope back after I met My Business My Freedom”, says Asha.
23 SHARES
