Update on NidaNida is 50 years old and single, with no children. Nida works hard to provide for her family. She runs a general store in the Philippines and requested a PHP 20,000 loan through Negros Women for Tomorrow Foundation, Inc. (NWTF) to purchase stocks to sell, like sugar, milk, canned goods, and shampoo.
Nida has borrowed and paid 18 loans from NWTF before this loan. She has been running the general store for ten years and also earns an income from selling ready-to-wear clothes. Nida aspires to save money to expand her business.
Previous Loan DetailsNida, 52 years old and single, works hard to provide for her family. The operator of a sari-sari store in the Philippines for 25 years, she also earns an income from pig-fattening. Nida, who has borrowed and repaid 17 previous loans from NWTF, is now requesting a PHP 20000 loan to buy items s... More from Nida's previous loan »
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