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Update on Elma

As a married parent of two children who are in school, Elma works hard to support her family. She has a business buying and selling rice in the Philippines, and she earns additional income from a vulcanizing shop and by farming vegetables. Elma is borrowing PHP 29,500 through NWTF to buy additional bags of rice to sell. She successfully paid back her previous loan and is now applying for a new loan to further build her rice and other businesses. Elma has been sustaining her business activities with her past 18 loans from NWTF. She hopes that her hard work will help her attain her dream of saving enough so she can afford to send her children to school.

Previous Loan Details

Elma is a hardworking entrepreneur who has a business buying and selling rice in the Philippines. She is borrowing PHP 29500 through NWTF to buy additional sacks of rice to sell. Elma has been in this business for 8 years. She earns additional income from a general store. Elma has been sus... More from Elma'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
  • 384
    View loans »
    Philippines Loans Fundraising
  • $70,831,400
    Funds lent in using Kiva
  • 43.5
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Elma to buy more bags of rice to sell.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 24, 2013
Jul 10, 2013
Currency Exchange Loss:
Jan 17, 2014