Nobel laureate Muhammad Yunus and his team attended the 40th anniversary of the founding of Negros Women for Tomorrow Foundation (NWTF) in Bacolod City on Sunday, June 30.
Yunus visited Bacolod in 1989 after then Negros Occidental governor Daniel Lacson invited him to help establish a microcredit program Project Dungganon following his Grameen method, which was initiated in 1992, a Yunus Centre statement said.
It was the second Grameen replication in the Philippines with the support of Grameen Trust (GT) which provided seed capital training and technical support to NWTF and Dungganon that today reaches 560,000 low income families with microcredit and other support to build their small businesses, it said.
“It is one of 16 MFIs supported by GT all of whom are going strong empowering millions women with microcredit and other services across the Philippines”, the Yunus Centre said.
“NWTF has carried on the journey with Yunus family of organizations to invest in social business in the Philippines and to build 3Z clubs of youth who are active to build a three zero world in the Philippines and beyond”, it added.*