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Update on Loreta

Loreta works hard to support her family. Loreta is single and has a general store business in the Philippines.

Loreta requested a 19000 PHP loan through NWTF to buy more stocks of canned goods, sugar, soap, eggs, spices, and other items to sell in her general store.

Loreta has been in this business for 14 years now.

She successfully paid back her previous loan and is now requesting a new loan to further build her general store.

In the future, Loreta would like to save money to expand her business.

Previous Loan Details

Loreta is 60 years old and single. Loreta runs a general store in the Philippines and has requested a 19,000 PHP loan through NWTF to buy additional items to sell. Loreta has been in this business for 12 years and sells a variety of items such as soft drinks, spices, and snack foods. In the fu... More from Loreta's previous loan »

Additional 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
  • 504
    View loans »
    Philippines Loans Fundraising
  • $69,838,675
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Loreta to buy more stocks of canned goods, sugar, soap, eggs, spices, and other items to sell in her general store.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Jan 3, 2013
Jan 14, 2013
Currency Exchange Loss:
Jul 17, 2013