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Magdalena
As a married parent of eight children, Magdalena works hard to support her family.

She has a buy-and-sell rice business in the Philippines and also earns income from farming sugarcane. Magdalena is borrowing PHP 17,000 through NWTF to purchase additional sacks of rice to sell for her business.

Magdalena has been sustaining her business activities through her past six loans from NWTF. She hopes that her hard work will help her attain her dream to build and expand her business to secure the future of her family.

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.

About Philippines

  • $7,000
    Average annual income
  • 1428
    View loans »
    Philippines Loans Fundraising
  • $59,280,625
    Funds lent in using Kiva
  • 43.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Magdalena to purchase additional sacks of rice to sell.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 2, 2014
Listed
May 28, 2014
Currency Exchange Loss:
Possible
Ended:
Feb 20, 2015