Update on Ma.theresaLois Wayne is 16 years old and is the second of two children in the family. Her mother Maria Theresa supports the family through her ready-to-wear clothing sales business in the Philippines.
Lois Wayne is studying for the degree Bachelor of Library and Information Science. She is currently in the first year of this three-and-a-half-year course.
Lois Wayne is borrowing 23,000 PHP to pay the tuition fees of the second semester of the school year 2013-14.
When she graduates, Lois Wayne plans to get a job of her own.
Previous Loan DetailsMa.Theresa is 48 years old and married with two children, one of whom is in school. She is a very hardworking entrepreneur. She has a clothing sales business in the Philippines. She has been in this business for three years. She requested a PHP 21,000 loan amount through NWTF to purchase more… More from Ma.theresa'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 >>
This loan is part of NWTF’s higher education program, designed to serve students who otherwise would not be able to attend college. Under the program, children of existing NWTF microfinance clients are able to take a loan to support their college education or technical/vocational training. Following graduation, the student may have better opportunities that ultimately benefit the entire family. NWTF has designed this loan product to have a lower interest rate than typical microfinance loans.
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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