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Raquel
Raquel is a 53-year-old widow with six children.



Raquel works hard to provide for her family. Specifically, she buys and sells cosmetics in the Philippines. She has been running her cosmetic sales business for 20 years, and she also earns additional income buying and selling charcoal and raising pigs.



She is requesting a loan in the amount of 22,000 PHP through NWTF to purchase more inventory, such as lotions, perfumes, and colognes, to sell. Raquel has borrowed and repaid 17 previous loans from NWTF. Raquel aspires to save money to expand her business.

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.

About Philippines

  • $1175
    Average annual income
  • 396
    View loans »
    Philippines Loans Fundraising
  • $52,107,225
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $550 helped Raquel to expand her business by purcashing additional inventory (e.g., lotions, perfumes, and colognes) to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 18, 2013
Listed
Mar 18, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013