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Magdalena
As a married parent of four children, Magdalena works hard to support her family.

She has a business buying and selling rice grains in the Philippines, and also earns additional income from farming rice. Magdalena is borrowing PHP 12,000 through NWTF to purchase additional sacks of rice grains to sell in her business.

Magdalena has been sustaining her business activities through her past 19 loans from NWTF. She hopes that her hard work will help her attain her dream to save enough to buy more farm land.

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
  • 1115
    View loans »
    Philippines Loans Fundraising
  • $54,636,050
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $300 helped Magdalena to purchase additional sacks of rice grains to sell.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 6, 2013
Listed
Mar 23, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 17, 2014