Standing strong against indicators and factors that microfinance institutions face is what Negros Women for Tomorrow Foundation, Inc. (NWTF) promises, if it is the last thing they would do.
I was fortuitous enough to be able to get the chance to meet the people behind the globally-recognized institution that has changed the way millions of Filipinos have lived. I would like to thank Gadgets Magazine and their judges and partners for recognizing this blog as the winner for the Special Category of the GoodBlog Awards last year and to my teammates and friends for life from the Young Minds Academy (YMA) and shoutout to people NWTF especially to Ms. Presy Alba and Mr. Pachito Genovia for the travel opportunity of my life. Thank you for arranging my itinerary and accommodations. Also I would to extend my gratitude to the staff of South Gate Inn in Kabankalan City, O Hotel in Bacolod City, and Danjugan Island for your hospitality.
|Flying from Cebu-Mactan Int'l Airport, I was able to see the green quaint landscape of vast agricultural lands of Bacolod City an hour after departure when the heavenly fluffy clouds had cleared away below my plane window.|
What is NWTF?
In more than three decades of operating, NWTF has proven that financially handicapped people are very credit worthy partners contrary to what traditional banks think of them. Reports will show that they have made significant and amazing contributions to nation-building by stimulating the economies of rural areas.
As they have gained economic stability as their home businesses grew, so did their dignity. The organization has expanded socio-economic performance by providing benefits that used to be just a dream to the poor such as scholarships for their children, insurance benefits, dental aid and business marketing and management training.
Over the years, they have emphasized the culture of excellence and partnership which I think brought them to heights they have never imagined.
Their new policies, strategies and direction have paved the way for their yearly successes and the divergence between the people working behind have contributed just as much.
In fact, they have sought partnership with Ateneo University, Citi Foundation and Bayan Academy to roll out training courses that will empower their employees as they try to reach organizational goals. Investing in their managers and flying them all the way to the USA is one of their greatest feats in the area of employee development; special thanks to Wharton Business School in Philadelphia, and Harvard Business School in Boston for making it happen.
|Known to be blessed with fertile lands, straggling rice plantations are an enlivening common sight. If you move around poetic country roads, you will be welcomed with stately trees lining as you pass by like soldiers welcoming a distinguished guest.|
Building a rock solid banking player, their Dungganon Bank Inc. boasts of amazing critieria: 20 million pesos in portfolio, 3,000 active clients and zero portfolio at risk as of 2011.
Expanding to 50 more provinces in Panay, Cebu, Bohol, Leyte, Samar and Palawan, their loan disbursements and portfolio has no way to turn but up.
|A fetching sworn seashore that is home to a retired boat is just beautiful for an afternoon stroll.|
|Two fishermen seeking solitude below a sturdy tree before heading on to finish their shellfish harvesting.|
But one metric for their success is the fact that they had been recognized by international entities namely Kiva Microfunds, Vittana and WholePlanet Foundation to name a few.
They received the highest recognition as Triennial Awardee by the Ramon Aboitiz Foundation Inc (RAFI).
Here is my short documentary of NWTF at one of their lively center meetings where members would update the cluster of their business progress, challenges they need assistance with and where they would remit their loan payments for the week...
What is Project Dungganon?Project Dungganon provides credit of one thousand (P1,000) to hundred thousand pesos (P100,000) to women micro-entrepreneurs. Members form a group of five and organize weekly meetings and what is interesting about it is that they are also responsible in monitoring prompt payment of fellow members. They check on each other to ensure that they have a healthy credit standing with NWTF.
It is also note worthy that they have a supplementary system that enables them to assess how the client will be able to survive. They have devised a strategy that effectively sees the members' innate talents, skills and work experiences that has business potential. Through the IGSS or Income Generating Survival Skills method, clients can define a business plan and lower the portfolio at risk and higher repayment rates as they tend to go about their lives.
When the client has the capacity to expand business from the micro up to the Small and Medium Enterprise level, they then graduate and proceed to a new program, the Project Kasanag.
|She has the penchant for brightly colored love birds and the songs they make all throughout the day works just like a charm.|
|I've also come to notice some adorable pigeons bathing at a puddle nearby like little kids on a beach and they were just ignoring them like a common sight but I really do find it very captivating.|
Ladies and gentlemen, the NWTF-Project Dungganon Story...
As their name resounds the very essence of empowering women and their families for tomorrow, NWTF will continue to transform lives of their clients and their families each day.
2 Things You Can Do Now:
- Visit NWTF Official Website for more information so that you would have an idea as to how you can participate individually or through your company. There is a cluster in every major city in the country so they're probably not hard to miss.
- Wherever you are in the world today, you can easily invest in an NWTF mom at Kiva.com by just using your Facebook Profile
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