Update on JonathanThis is Jonathan, 36, a resident of Bacoor, Cavite, Philippines. He is single and manages his own household while operating the business. At this time, he is working hard to continually provide income for his everyday expenses.
Jonathan operates a junk shop. Trash is not actively segregated in the Philippines, and while waiting for their local dump trucks, people scavenge garbage dumps and trash bags for recyclable materials like metal, copper, plastic, paper and other materials. They sell these to junk shops like Jonathan's for a little profit. Junk shops then stack, clean, and gather huge quantities of these materials and sell them back to foundries like factories. His regular customers are the local community. He earns a minimum of 1,000 Philippine Pesos (PHP) in sales every day.
To help him continue operations of his business, he is requesting a PHP 15,000 loan. He will be incorporating the loan into his current revolving fund used to buy recyclable materials from collectors. He expects a boost in his business income as he expands his business.
Jonathan hopes his business grows more in the coming years. He faithfully meets with his co-fellowship* members to share stories of his work every week and where he can also draw strength and inspiration from the word of God he studies.
* All CCT community partners/clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 community partners. The fellowship groups gather each week to study the word of God, build social capital, and repay microfinance loans.
Previous Loan DetailsThis is Jonathan, 36, resident of Bacoor, Cavite, Philippines. Single, he is working hard to continually provide income for his everyday expenses. Jonathan operates a barbeque stall. He regularly buys fish and meat that he prepares to cook and sell in the afternoon in his barbeque stand near h... More from Jonathan's previous loan »
More information about this loan
On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More information >>
About the Center for Community TransformationThe Center for Community Transformation (CCT) is dedicated to the development of communities and lives via spiritual transformation and access to financial services. CCT offers loan products to address the needs of micro-entrepreneurs in the Philippines. The organization’s loan products include small business, education, and housing loans. CCT utilizes a community-based approach to provide a variety of non-financial services that include training and development programs, clinics, disaster relief operations, a low-cost medicine program, and social service programs. CCT offers a unique “Pavement Dweller” program designed to provide food, housing, and job training. CCT also provides education support services to the poorest groups in the Philippines. Find more information about CCT on their website or join their lending team.
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