Wennie joined the the Honor 1000 Microfinance Project in 2017 because, being able to give her three small children a good education was important to her. She didn’t want the temptation of trafficking and cyber crime to lure herself or her children as a way to earn money. She knew she was not financially stable enough and worried what the future would be for her children. A microloan from the Honor 1000 Microfinance Project was just what she needed.
Every day, Wennie accompanies her 3 kids to school on their pedicab (bicycle with attached side car). She then goes home to work on her e-loading (electronic prepaid load for mobile devices) and ice candy business. With such big signs outside her home, her e-loading service is already known in their neighborhood.
In her fourth loan cycle, she was able to invest in getting a new refrigerator. This enabled her to add new frozen products that she can sell. She aims to grow not only her range of products but her savings as well. All her kids are still in primary school and she is determined to secure her children’s future.
Her perfect attendance and payment record since 2017 is proof of how committed she is as a client. She is grateful that through Honor 1000’s Microfinance Project, they were able to form a women’s group that not only helps her in time of need but is sincere in wanting to help her grow as a mother and a small business owner.
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.
The journey to sustainability varies for each of the client moms of Honor 1000's Microfinance Program. There are various factors and conditions contributing to this, but one thing remains unchanged and that is the support provided to these moms.
Many Filipino families continue to suffer from the harsh consequences of prolonged lockdown in the country. Sadly, many of these parents are pushed to their limits and resort to exploitation (of their own children) as a means to earn a living.
Times are still difficult for many in the Philippines during this time of pandemic. But we continue to be amazed by the women from the Microfinance Program who never ceased working hard to provide for their families.