Update on YolandaThis is Yolanda, who is 46 and a resident of Silang, Cavite, Philippines. She is married to Eladio, a worker, and is the mother of four children. Together with her husband and children, Yolanda manages the household while operating her business. She works hard to continually provide income for her family’s everyday expenses and her children’s studies. Yolanda operates a fruit stand. She buys seasonal fruits that are native to the Philippines such as bananas, which are grown mostly in the south region of Luzon. She also sells papaya and other Filipino fruit staples. Her regular customers are her neighbors and the local community and she earns a minimum of 1,000 PHP in sales every day.
Yolanda is requesting a 30,000 PHP loan to help continue to operate her business. She will use her loan to buy more quantities of fruit to expand her product inventory. She expects a boost in her business income as she expands her business. Yolanda dreams of being able to give her all her children a good, high quality education through all her hard work on her business. Every week, she faithfully meets up with her co-fellowship members to share stories of her work and draw strength and inspiration from her studies of the Word of God.
* All CCT community partners and clients are organized into fellowship groups that meet on a weekly basis. A fellowship group is composed of 15 to 30 community partners. Fellowship groups gather each week to study the Word of God, build social capital, and pay microfinance loans.
Previous Loan DetailsThis is Yolanda, who is 46 and a resident of Silang, Cavite, Philippines. She is married to Eladio, a worker, and is the mother of four children. Together with her husband and children, Yolanda manages the household while operating her business. She works hard to continually provide income for he... More from Yolanda'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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