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Remilda

Update on Remilda

Remilda is 42 years old, married, with two children. With two children currently in school, Remilda works very hard to provide for them.

Remilda runs a general store in the Philippines and has requested a PHP 20,000 loan through Negros Women for Tomorrow Foundation, Inc. (NWTF) to buy additional items to sell in her general store, like shampoo, noodles, cooking oil, and bread.

Remilda has been in this business for 11 years and she sells a variety of items such as shampoo, noodles, cooking oil, and bread.

Remilda successfully paid back her previous loan and is now requesting a new loan to further build her general store business. Remilda would like to save enough to provide a secure future for her family.

Previous Loan Details

Remilda is 41 years old, married, and has two children who are currently going to school. She is a very hard-working entrepreneur who has had a fish vending business in the Philippines for the past 10 years. She has requested a PHP 20,000 loan through NWTF to buy more fish to sell. In the future,... More from Remilda'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
  • 275
    View loans »
    Philippines Loans Fundraising
  • $52,856,025
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Remilda to buy additional items to sell in her general store, like shampoo, noodles, cooking oil, and bread.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013