Update on ErmaAs a married parent of four children, Erma works hard to support her family. She has a printing business in the Philippines and earns additional income through buying and selling frozen foods.
Erma is borrowing 20,000 Philippine pesos through Negros Women for Tomorrow Foundation (NWTF) to purchase fabric, thread and other materials for her printing business. She has sustained her business activities through 15 loans from NWTF. She has successfully paid back previous loans and is requesting this new one to further build her printing business.
She hopes that her hard work will help her attain her dream of saving enough money to expand her business.
Previous Loan DetailsErma is a hardworking entrepreneur who has a printing business in the Philippines. She is borrowing PHP 20,000 through NWTF to buy the materials needed for her printing business. Erma has been in this business for 15 years. Erma earns more income from selling frozen foods. Erma has been... More from Erma'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 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.
262View loans »
Success!! The loan was 100% repaid