Monday, October 25, 2010

Twelve Micro-Credit Beneficiaries

The micro-credit program of the Tapulanga Foundation is helping women / mothers with capital for their small businesses.

As of October 2010, the following businesses are beneficiaries of the program: bakery, cellphone loading, livestock slaughtering, Avon and Natasha dealer, frozen food, piggery, mini store, service for hire, barbecue food, and school canteen vendor.

Most of these loans are from Php2,000 - Php5,000 and payable in 1 - 2 months only at 1% a month interest rate (with zero collateral). Of the 12 beneficiaries, no one has missed their weekly/bi-monthly payments. Several have been highly motivated to even settle their loan before the due date so as to borrow again and have more capital for their growing business. Some of them as well started with a small loan and have increased their loan.

The foundation is looking for donors for this program. You will not only help a person but an entire family because you will be providing livelihood for these mothers.

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