Scholarship for a single mother’s child

Lourdes, a single mother of three from Philex, Tuba benefitted from receiving a scholarship grant from the Jaime V. Ongpin Microfinance Foundation. She started with a five-thousand-peso loan to fund her thrift shop business. She continued borrowing from JVOMFI and now she expanded her business and added retail of RTWs, second-hand clothes, shoes and photocopies.

One of her children was chosen to be a JVOMFI scholar and receives P10,000 every semester.  “Now, I do not worry about his allowance or a sudden school fee. This scholarship is a great help not only for tuition fee or allowance, whether it is P5,000 or P10,000 it is significant” Lourdes said especially she single- handedly sends three of her children to school.

As one of the seasoned clients of JVOMFI, Lourdes is now on her ___ cycle of loan and allowed to borrow up to P80,000.  “As a single parent to my children I am thankful to God and to JVOMFI that they never forsaken me. JVOMFI helped me a lot. They give the lowest interest, assisted me as a single mother to my children and process loans in as fast as one week. As a microentrepreneur I do not look for other sources like “5-6” (loan sharks).”