Update on GemmaThis time, Gemma is borrowing a new loan of Php 29,500 in order to purchase feed and vitamins for her pigs. The fishing business that she previously funded through Negros Women for Tomorrow Foundation, Inc. (NWTF) and KIVA continues and provides for Gemma and her family an increased income to improve their quality of life.
Previous Loan DetailsGemma is 48 years old and married with six children. Three of her children are in school. She is a very hard working entrepreneur. Gemma has a fishing business in the Philippines. She requested a 29,000 Philippine Peso (PHP) loan through NWTF to buy fishing gear and other equipment. Gemma h... More from Gemma's previous loan »
More information about this loan
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.
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