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Update on Margarita

As a married parent of eight children, Margarita works hard to support her family.

Margarita operates a direct-selling business of UNO Products in the Philippines. She also earns additional income from a buy and sell ready-to-wear business. Margarita is borrowing PHP 29,000 through NWTF to purchase additional stock for her direct-selling business of UNO Products.

Margarita successfully paid back her previous loan and now she requested an additional loan to further build her business.

Margarita has been sustaining her business activities through her past 20 loans from NWTF. She hopes that her hard work will help her attain her dream, which is to save money to expand her business.

Previous Loan Details

Margarita is a hardworking entrepreneur who has a herbal products direct-selling business in the Philippines. She is borrowing PHP 28,000 through NWTF to purchase additional stock to sell for her herbal products direct-selling business. Margarita has been in this business for three years. ... More from Margarita'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
  • 315
    View loans »
    Philippines Loans Fundraising
  • $70,604,925
    Funds lent in using Kiva
  • 44.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Margarita to purchase additional stock to sell.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Mar 31, 2014
Apr 27, 2014
Currency Exchange Loss:
Jan 25, 2015