Update on MernalynMernalyn is a hardworking entrepreneur who has a business buying and selling rice grains in the Philippines.
She is borrowing PHP 25,000 through NWTF to purchase additional sacks of rice grains to sell in her rice grain business.
Mernalyn has been in this business for nine years. Mernalyn earns additional income from selling ready to wear.
Mernalyn successfully paid back her previous loan and is now requesting a new loan to further build her busness buying and selling rice grains.
Mernalyn has been sustaining her business activities through her own efforts with the help of the loans from NWTF. She dreams of saving enough money so she can afford to send her children to college in the future.
Previous Loan DetailsMernalyn is 35 years old and married with 2 children. Mernalyn works hard to provide for her family. She runs a buying and selling of rice grains in the Philippines and requested a PHP 27000 loan through NWTF to purchase additional sacks of rice to sell. Mernalyn has borrowed and paid 20 lo... More from Mernalyn'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 >>
About Negros Women for Tomorrow FoundationNegros 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.
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Success!! The loan was 100% repaid