Update on AliciaAlicia, 60 years old, is married and has 5 children. She works hard to provide for her family. For the past 10 years, Alicia has run a business buying and selling firewood in the Philippines. She also earns an income from coconut wine and vegetable sales.
Alicia has requested a PHP 17,000 loan through NWTF to purchase additional firewood to sell. She has previously borrowed and repaid 18 loans from NWTF. Alicia aspires to build and expand her business to secure her family's future.
Previous Loan DetailsAlicia is 59 years old and married with 5 children. Alicia works hard to provide for her family. She runs a firewood retail business in the Philippines and requested a PHP 24,000 loan through NWTF to purchase additional stocks to sell. Alicia has borrowed and paid 17 loans from NWTF before ... More from Alicia'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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