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Update on Joey

This is Joey, he previously availed a loan of 12,000 Philippine pesos (PHP) that he used to buy spare parts and accessories and to maintain his jeepney unit. His earnings were a big help in the education of his child and in his personal household and business expenditures.

He would like to apply for a PHP15,000 loan in order to buy spare parts and to maintain his jeepney unit as well as to buy some equipment in the repair shop. The profits from his business will definitely help him to sustain his daily needs and to pay for the educational expenses of his child. He looks forward to this financial increase with gladness and thankfulness in his heart.

Joey dreams to be able to buy another jeepney. He also dreams that his child will finish their education. He faithfully meets up with his co-fellowship members to share stories of his work every week and to draw strength and inspiration from his study of the Word of God.*

Curiously, jeepneys have purely American origins. They were first used by American soldiers helping the Philippines to throw off the invading Japanese. Filipino ingenuity, however, managed to see this vehicle as an opportunity to earn and they modified the Jeep into a 20-seater jeepney, open enough to provide adequate ventilation, sturdy for everyday travel, and cheap enough to buy and maintain. Now, jeepneys are one of the things that makes the Philippines truly Philippines.

* 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 pay microfinance loans.

Previous Loan Details

Joey is 40 years old and lives in Silang Cavite, Philippines. He is married, the father of one child and earns a living by running a jeepney (see footnote) transportation business. His jeepney can hold 14-16 people who live in his area and pay him daily. He earns PHP 1,600 a day and is applying f... More from Joey's previous loan »

Additional Information

About the Center for Community Transformation

The 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.

About Philippines

  • $7,000
    Average annual income
  • 1643
    View loans »
    Philippines Loans Fundraising
  • $60,717,100
    Funds lent in using Kiva
  • 42.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Joey to buy spare parts and maintain a jeepney.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
May 28, 2012
Jun 15, 2012
Currency Exchange Loss:
Dec 15, 2012