2. Information on the borrower
Conchita is 66 years old and •
married; she has five children.
Conchita works hard to provide for her •
family. She runs a general store in the
Philippines and requested a PHP 22,000
loan through NWTF. She will use the loan
to purchase more grocery items to sell.
Conchita has been in this business for 32
years and has previously received funds
through Kiva.
3. How much mony
did she borrow?
The First loan was:
$475
The second loan was:
4. What she did with the mony ?.
buy items like shampoo He will buy
snacks, grains, milk, eggs, rice,
to sell in her sari-sari store , sugar,
and other goods that his customers
prefer.
5. Where she succedful?
Yse She will use another the loan and •
Conchita has been in this business
for 32 years and has previously
received funds through Kiva.
6. Do she deserve another lona?
yse ,The second loan was:
$550 •
She will use the loan to •
purchase .more grocery
items to sell
7. Are microloans a good idea?
microloans are just one way to help people get the money •
they need to start a business or provide a safety net when life
goes bad, it should not be the only solution offered. Just as
you use other financial services such as savings accounts or
insurance plans as a safety net, these services are also
beneficial to people in developing countries and should be
offered as part of a larger set of financial services. Just as you
are able to choose the financial services that best meet your
needs, people in developing countries need the same variety
of choices so that they can pick the services that meet their
needs.
