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Update on Teresita

As a married parent of seven children, Teresita works hard to support her family.

She has a general store in the Philippines, and also earns additional income from buying and selling charcoal and rice. Teresita is borrowing PHP 17,000 through NWTF to buy items to sell in her general store like soap, coffee, eggs, and milk.

Teresita has been sustaining her business activities through her past three loans from NWTF. She successfully paid back her previous loans and now she is requesting an additional loan to further build her business.

She hopes that her hard work will help her attain her dream to save enough money so she can afford to send her children to college.

Previous Loan Details

Teresita is 44 years old, married and the mother of seven children. With five children in school, Teresita works very hard to provide for them and pay their school fees by running a general store in the Philippines. She has requested a PHP 14,000 loan from NWTF to buy additional items to sell suc... More from Teresita'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
  • 341
    View loans »
    Philippines Loans Fundraising
  • $70,736,800
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Teresita to buy items to sell like soap, coffee, eggs, and milk.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 25, 2014
May 24, 2014
Currency Exchange Loss:
Nov 17, 2014