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Leonis

Update on Leonis

As the married parent of three children, Leonis works hard to support her family. She earns a living by buying and selling peanuts in the Philippines, and also earns additional income by running a general store. She has requested a loan for PHP 13,000 from NWTF to buy additional stocks of peanuts to sell. She successfully paid back her previous loan and would like to use this new one to further expand her business. Leonis has sustained her business with 19 previous loans from NWTF. She hopes that her hard work will help her attain her dream of saving enough money to expand her business.

Previous Loan Details

Leonis is a hardworking entrepreneur who has a food vending business in the Philippines. She has been in this business for 10 years. Leonis earns more income from fishing. She is borrowing 17,000 PHP through NWTF to buy ingredients like sugar, milk, cooking oil, etc. for her food vending busin... More from Leonis'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
  • 1309
    View loans »
    Philippines Loans Fundraising
  • $58,008,825
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Leonis to buy additional stocks of peanuts to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 15, 2014
Listed
May 30, 2014
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2014