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Emma

Update on Emma

Emma is a hardworking entrepreneur who has a general store business in the Philippines.

Emma successfully paid back her previous loan and is now requesting a new loan to further build her general store business. She is borrowing PHP 25,000 through NWTF to buy items to sell like shampoo, toothpaste, soft drinks, noodles, eggs, spices, etc. for her general store business.

Emma has been in this business for 29 years. She earns more income from pig-fattening.

Emma has been sustaining her business activities through her own efforts, with the help of the loans from NWTF. She dreams to save money to expand her business in the future.

Previous Loan Details

Emma is 73 years old and married. She has 7 children. Emma works hard to provide for her family. She runs a general store in the Philippines and has requested a PHP 19,000 loan through NWTF to buy more stocks to sell. Emma has borrowed and repaid 27 loans from NWTF before this loan. She has be... More from Emma'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
  • 235
    View loans »
    Philippines Loans Fundraising
  • $53,065,125
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $625 helped Emma to buy items to sell like shampoo, toothpaste, soft drinks, noodles, eggs, spices, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2013
Listed
Apr 5, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2013