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Hapinoy Project Bagong Araw Expands, Thanks to the Support of Sun Life Financial

hapinoyProject Bagong Araw (PBA) was launched April 2014 to address the devastating aftermath of Typhoon Yolanda. The project provided Nanay (mother) micro-entrepreneurs the assistance they needed to rebuild what they lost in the typhoon. It included training, access to capital via partner microfinance institutions and a store makeover. January of 2015, our first 354 Nanays from Visayas graduated from the program and 22 of them became Hapinoy Ambassadors.


One and a half years after Yolanda—considered to be the strongest typhoon the Philippines has witnessed, our Nanays are now happily running their stores. Some are even expanding to different businesses. One such Nanay is Nanay Bella Sadongdong. Aside from her sari-sari store, Nanay Bella is now offering new services including airtime loading and money remittance which she acquired with Hapinoy’s assistance.

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TYF Partnered with Hapinoy Project Bagong Araw to Revive the Damaged Sari Sari Store Industry Across Tacloban

https://lh6.googleusercontent.com/-VHRtdXCqcJA/VQFlM6D9ydI/AAAAAAAAHN8/Vso7AC9l54A/w1094-h821-no/1.jpgExecutive Summary:  Hapinoy Project Bagong Araw began its groundwork last April 2014. Month 1 of the  Program had to be moved one month later to facilitate last minute Donors and to further iron out details with the partner Microfinance Institutions (MFI). Project Bagong Araw Month 1 formally happened on June 2014 where MVF started to train potential beneficiaries. By the start of July 2014, all the slots sponsored by Donors have been filled-up by qualifying beneficiaries, after MVF and the partner Microfinance Institutions’ (MFI) validation process. Towards the end of July 2014, three weeks later than projected completion, all the first tranche of the loans to the beneficiaries have been disbursed.
 
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