Update on MarilouMarilou is a hardworking entrepreneur who has a business buying and selling recyclable materials in the Philippines. She has been in this business for three years and earns additional income from a general store.
She successfully paid back her previous loan and is now requesting a new loan to further build her business. She is borrowing 18,000 PHP through Negros Women for Tomorrow Foundation, Inc. (NWTF) to buy more recyclable materials to sell for her recyclable materials business.
Marilou has been sustaining her business activities through her own efforts with the help of the loans from NWTF. She dreams to save enough money to expand her business in the future.
Previous Loan DetailsMarilou is 47 years old and married with 2 children. She works very hard to provide for them. She runs a variety store in the Philippines and requested a PHP 16,000 loan through NWTF to purchase more grocery products to sell. She has been in this business for three years and sells a variety of... More from Marilou's previous loan »
More information about this loan
On Friday November 8, 2013, Super Typhoon Hayian 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 green loan program, which helps clients to gain access to environmentally friendly products that reduce pollution in the Philippines.
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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