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Update on Carmel

Carmel is 27 years old and married. She is a very hard-working entrepreneur.

Carmel has a tailoring business in the Philippines. Carmel requested a PHP 10,000 loan amount through NWTF to buy more materials like fabric, thread, etc. for her business.

She successfully paid back her previous loan and is now requesting a new loan to further build her business.

Carmel has been in this business for 4 years. Carmel would like to build and expand her business to secure the future of her family.

Previous Loan Details

Carmel works hard to support her family. She is married and has a pillow-making business in the Philippines. She has been in this business for three years now. Carmel has requested a 8,000 PHP loan through NWTF to buy materials like fabric, thread, and needles for her business. She would like ... More from Carmel'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
  • 393
    View loans »
    Philippines Loans Fundraising
  • $70,817,050
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Carmel to buy more materials like fabric, thread, etc. for her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jul 28, 2014
Aug 25, 2014
Currency Exchange Loss:
Feb 20, 2015