Negros Women for Tomorrow Foundation (NWTF)
Approved to post Kiva loans from: Philippines
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Founded in 1984, the Negros Women for Tomorrow Foundation, Inc. (NWTF) began as a non-governmental organization aiming to help women achieve self-sufficiency, particularly among low-income communities in the province of Negros Occidental. While their headquarters are still located in Negros, they have expanded to reach 152 branches in the islands of Negros, Cebu, Bohol, Panay, Samar, Leyte, Palawan and the Southern Luzon Provinces of Batangas and Laguna. NWTF’s goal is to increase women’s awareness of their economic potential, their skills and productivity and to improve their quality of life.
In 2013, NWTF was recognized as one of the first “Milestone MFIs” to have undergone a Truelift Assessment. A Truelift Achiever is an organization that meets three of the Pro-Poor Principles in the areas of outreach, adapted services and the tracking of client progress. As an Achiever, the organization shares best practices and knowledge in the poverty-focused Microfinance Community of Practice.
A unique lending approach:
In 1989, NWTF accepted the challenge of replicating the Grameen Bank’s credit methodology through initiatives like Project Dungganon (Honorable) and Project Kasanag (Light that Offers Hope), which provide operating capital to start or expand clients’ businesses. This credit assistance is designed to help urban micro-entrepreneurs engaged in manufacturing, trading, buying and selling, services and shop keeping, enabling them to improve their quality of life and participate in the economic progress of the community.
Project Dungganon aims to help marginalized women from rural and urban communities achieve self-reliance and rise above the challenge of poverty by providing them with the training and the credit to start or maintain their own small business ventures.
Project Kasanag targets rural and urban microentrepreneurs providing individual loans meant to help them acquire the capital and assets to maintain their businesses.
Realizing that those who are able to scale up and expand their business activities need different loan products and services than those who live below the poverty line, NWTF developed a graduating program. This is a transition phase where individuals who want to expand their existing business are assessed by how they are able to manage their cash flow. In this phase they learn to be more independent and prepare to join the mainstream banking sector.
NWTF has broadened its services to include hospital income benefits, life insurance, accidental death benefits and more. Additionally, in 2004, NWTF launched its scholarship program, extending grants to qualified dependents of its clients. NWTF also introduced a micro-crop loan to address the needs of agrarian reform beneficiaries, giving them the opportunity to cultivate and retain ownership of their own land.
August 6, 2020 - COVID-19 Update:
Kiva has been in contact with NWTF to understand how we can best support their business and borrowers during the ever-evolving COVID-19 pandemic. We continue to prioritize the safety and well-being of all staff, borrowers and their families as this global pandemic continues.
While country-specific responses to the crisis vary, most governments have imposed curfews, travel restrictions, and nation-wide shutdowns. The Philippines has imposed temporary moratoriums on loan payments, affecting not only microfinance, but the economy as a whole.
As a result, borrowers and NWTF may experience difficulty making and collecting loan repayments due to the aforementioned restrictions or fallout effects of the virus. Over the coming months, it’s possible that lenders will see a delay in repayments and new loans posted by NWTF. As an impact-first funder, Kiva is committed to serving our Lending Partners, as in past crises. We are sympathetic to temporary increases in repayment delays and delinquency in order to help Lending Partners and borrower communities recover.
Kiva is working closely with NWTF to support them and their borrowers through the COVID-19 crisis. NWTF is sending regular updates to Kiva, and we'll update Partner Pages as we learn more.
On behalf of Kiva and NWTF, we’re grateful for your continued support through this difficult time.
Partner Description:
Founded in 1984, the Negros Women for Tomorrow Foundation, Inc. (NWTF) began as a non-governmental organization aiming to help women achieve self-sufficiency, particularly among low-income communities in the province of Negros Occidental. While their headquarters are still located in Negros, they have expanded to reach 152 branches in the islands of Negros, Cebu, Bohol, Panay, Samar, Leyte, Palawan and the Southern Luzon Provinces of Batangas and Laguna. NWTF’s goal is to increase women’s awareness of their economic potential, their skills and productivity and to improve their quality of life.
In 2013, NWTF was recognized as one of the first “Milestone MFIs” to have undergone a Truelift Assessment. A Truelift Achiever is an organization that meets three of the Pro-Poor Principles in the areas of outreach, adapted services and the tracking of client progress. As an Achiever, the organization shares best practices and knowledge in the poverty-focused Microfinance Community of Practice.
A unique lending approach:
In 1989, NWTF accepted the challenge of replicating the Grameen Bank’s credit methodology through initiatives like Project Dungganon (Honorable) and Project Kasanag (Light that Offers Hope), which provide operating capital to start or expand clients’ businesses. This credit assistance is designed to help urban micro-entrepreneurs engaged in manufacturing, trading, buying and selling, services and shop keeping, enabling them to improve their quality of life and participate in the economic progress of the community.
Project Dungganon aims to help marginalized women from rural and urban communities achieve self-reliance and rise above the challenge of poverty by providing them with the training and the credit to start or maintain their own small business ventures.
Project Kasanag targets rural and urban microentrepreneurs providing individual loans meant to help them acquire the capital and assets to maintain their businesses.
Realizing that those who are able to scale up and expand their business activities need different loan products and services than those who live below the poverty line, NWTF developed a graduating program. This is a transition phase where individuals who want to expand their existing business are assessed by how they are able to manage their cash flow. In this phase they learn to be more independent and prepare to join the mainstream banking sector.
NWTF has broadened its services to include hospital income benefits, life insurance, accidental death benefits and more. Additionally, in 2004, NWTF launched its scholarship program, extending grants to qualified dependents of its clients. NWTF also introduced a micro-crop loan to address the needs of agrarian reform beneficiaries, giving them the opportunity to cultivate and retain ownership of their own land.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Jul 10, 2009 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $141,187,280 | $2,059,747,905 | |
| Amount of raised Inactive loans | $5,650 | $315,425 | |
| Number of raised Inactive loans | 28 | 367 | |
| Amount of Paying Back Loans | $9,296,465 | $151,590,125 | |
| Number of Paying Back Loans | 30,260 | 179,148 | |
| Amount of Ended Loans | $100,000,000 | $1,862,548,250 | |
| Number of Ended Loans | 423,905 | 2,515,843 | |
| Delinquency Rate | 1.25% | 11.65% | |
| Amount in Arrears | $59,651 | $10,665,177 | |
| Outstanding Portfolio | $3,976,646 | $91,519,984 | |
| Number of Loans Delinquent | 1,272 | 35,255 | |
| Default Rate | 0.32% | 1.83% | |
| Amount of Ended Loans Defaulted | $317,665 | $34,066,956 | |
| Number of Ended Loans Defaulted | 2,651 | 91,292 | |
| Currency Exchange Loss Rate | 0.00% | 0.47% | |
| Amount of Currency Exchange Loss | $5,785 | $12,915,654 | |
| Refund Rate | 0.07% | 0.55% | |
| Amount of Refunded Loans | $93,925 | $11,263,070 | |
| Number of Refunded Loans | 211 | 9,868 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 99.79% | 78.51% | |
|---|---|---|---|
| Average Loan Size | $219 | $393 | |
| Average Individual Loan Size | $220 | $585 | |
| Average Group Loan Size | $2,658 | $1,913 | |
| Average number of borrowers per group | 16.9 | 8.3 | |
| Average GDP per capita (PPP) in local country | $7,000 | $5,592 | |
| Average Loan Size / GDP per capita (PPP) | 3.13% | 7.03% | |
| Average Time to Fund a Loan | 6.69 days | 9.13 days | |
| Average Dollars Raised Per Day Per Loan | $32.79 | $43.03 | |
| Average Loan Term | 8.24 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 181,098 | 1,228,233 | |
|---|---|---|---|
| Journaling Rate | 40.27% | 41.93% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2017 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 46% PY | 46.00% PY | 27.12% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | 5.64% | 4.8% | -1.71% | |
| Average Loan Size (% of per capita income) | N/A | 8.00% | 0.00% |
Country Fast Facts
- Country:
- Philippines
- Capital:
- Manila
- Official Language:
- Filipino (official) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
- Population:
- 107,668,231
- Avg Annual Income:
- $7,000
- Labor Force:
- agriculture: 32%, industry: 15%, services: 53%
- Population Below Poverty Line:
- 25.20%
- Literacy Rate:
- 96.30%
- Infant Mortality Rate (per 1000):
- 17.64 deaths
- Life Expectancy:
- N/A years
Lending Partner Staff
Presy AlbaJaypee Allawan
Liezel Cabagnan
Leah Cadal
Lovely Caliskis
Carlo Chua
Hannah Lou Cosas
Jenny Dequito
Rogelia Elias
Emma Garcia
Roselyn Gomez
Jason Hular
Erica Jane Juntado
Ma. Lisa Lapore
Mela Joy Macabuyag
John Michael Malanday
Darlyn Joy Natinga
Ma. Cristine Ronquillo
Ralph Sa-onoy
Raymond Patrick Serios
Philip Servando
Venus Solamillo
Reymund Vasquez