Her business is to buy and sell Nipa, woven palm mats used for the construction of house and repair in the Philippines. She has requested a PHP 14000 loan through NWTF to buy additional stocks of Nipa to sell.
Marina has borrowed and paid 15 loans from NWTF, before this one. She has been doing this Nipa trading business for 10 years, and also earns an income from fish vending. Marina aspires to build and expand her business to secure the financial stability of her family.
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On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
About Negros Women for Tomorrow FoundationNegros Women for Tomorrow Foundation, Inc. (NWTF) is a non-governmental organization established with an aim to help women achieve self-sufficiency, particularly in the province of Negros Occidental’s low-income communities. The organization offers its clients a wide variety of products, including loans for micro-entrepreneurs, hospital income benefits, life insurance, accidental death benefits and more. Kiva lenders’ funds will be used to expand the reach of these products to women in low-income urban and rural communities.
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