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Mary Ann

Update on Mary Ann

As a married parent of 2 children, Mary Ann works hard to support her family. She has a general store business in the Philippines, and also earns additional income from E-loading, pig fattening and tricycle transportation businesses. Mary Ann is borrowing PHP 29,500 through NWTF to purchase more items like bread, soft drinks, sugar, soap and other groceries for her general store. She has been sustaining her business activities through her past three loans from NWTF and more recently, through Kiva. She hopes that her hard work will help her attain her dream to save enough money so she can send her children to college.

Previous Loan Details

Mary Ann A. is a married woman who lives in San Jose, Taytayan, Bogo, Cebu. She earns her living by operating three business ventures: wholesaling electronic reloading credits, fattening pigs and operating a tricycle transportation business. Her husband Vicente A. Jr., who is 40 years old, wo... More from Mary Ann'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 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.

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

  • $1175
    Average annual income
  • 478
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $725 helped Mary Ann to purchase more items like bread, soft drinks, sugar, soap and other groceries.
99% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 11, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014