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Update on Merly

Merly is a hardworking entrepreneur who has a general store business in the Philippines. Merly has been in this business for 24 years. She earns additional income by providing motorcycle transportation services.

She is seeking to borrow a loan in the amount of 18,000 PHP through NWTF to buy additional items such as sugar, soap, shampoo, and canned goods for her general store business. She explains that she successfully paid back her previous loans and is now requesting a new loan to further build her business. Merly has been sustaining her business activities through her own efforts with the help of loans from NWTF. She dreams of saving enough money so that she can afford to send her children to college in the future.

Previous Loan Details

Merly is 38 years old and married. She has seven children. She works hard to provide for her family. She runs a general store in the Philippines. She has been running the general store for 23 years, and she also earns income by selling native Filipino products. She has requested a PHP 15,000 ... More from Merly'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 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.

About Philippines

  • $7,000
    Average annual income
  • 1820
    View loans »
    Philippines Loans Fundraising
  • $60,851,250
    Funds lent in using Kiva
  • 44.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $425 helped Merly to further expand her business by purchasing additional items (e.g., sugar, soap, shampoo, and canned goods) for re-sale.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 21, 2013
Dec 22, 2013
Currency Exchange Loss:
Jun 17, 2014