Update on GinaAs a married parent of four children, Gina works hard to support her family. She has a buy-and-sell charcoal business in the Philippines, and also earns additional income from buying and selling seaweeds. She is borrowing PHP 25,000 through NWTF to purchase additional sacks of charcoal to sell.
She successfully paid back her previous loan and now she has requested an additional loan to further build her business. She has been sustaining her business activities through her past 16 loans from NWTF. Gina hopes that her hard work will help her attain her dream to save money to expand her business.
Previous Loan DetailsGina is 54 years old, married and the mother of four children. She earns a living by farming seaweed in the Philippines, and has requested a loan for PHP 25,000 from NWTF to buy additional sacks of seaweed to sell. She has been harvesting seaweed for two years and also earns additional income by ... More from Gina'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