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Rowena

Update on Rowena

Rowena is a hardworking entrepreneur who has a fruit stand business in the Philippines.

She is borrowing PHP 20,000 through NWTF to buy fruits such as apples, oranges, grapes, jackfruit and mangoes to sell in her fruit stand business.

Rowena has been in this business for 16 years. Rowena also earns income from selling rice and farming coconut.

Rowena has been sustaining her business activities through her own efforts with the help of the loans from NWTF. She dreams of saving enough money so she can afford to send her children to college in the future.

Previous Loan Details

Rowena is married and works hard to support her family. She has had a fruit vending business in the Philippines for the past 15 years. Rowena has requested a PHP 21,000 loan through NWTF to buy additional fruits for her business. In the future, she would like to save enough money so she can a... More from Rowena's previous loan »

Additional Information

More information about this loan

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 Foundation

Negros Women for Tomorrow Foundation, Inc. (NWTF) is a non-governmental organization established with an aim to help men and 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 low-income urban and rural communities.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.

About Philippines

  • $7,000
    Average annual income
  • 1455
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rowena to buy fruits such as apples, oranges, grapes, jackfruit and mangoes to sell in her fruit stand.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 27, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013