Update on LolitaLolita is 27 years old and married with four children.
Lolita is in the hog raising business in the Philippines. Lolita requested a PHP 12000 loan through NWTF to purchase feed and vitamins for her pigs.
She has been in hog raising for four years now and has borrowed five times in the past from NWTF and more recently, from Kiva to sustain her business.
She successfully paid back her previous loans and is now requesting a new loan to further build her hog raising business.
Lolita is working tirelessly towards the attainment of her dream to save enough money so she could afford to send her children to college.
Previous Loan DetailsLolita is a hardworking entrepreneur who has a clothing sales business in the Philippines. She is borrowing PHP 10,000 through NWTF to purchase more items like bags, pants, t-shirts and other ready-to-wear clothing for her clothing sales business. Lolita has been in this business for three... More from Lolita's previous loan »
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 FoundationNegros 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.
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