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Rosita

Update on Rosita

Rosita previously accessed an 8,000 PHP loan that she used to buy more quantities of products such as meats, rice, vegetables, condiments and seasonings. Her earnings were a big help for her children's education and for the family's personal, household and business expenditures.

Rosita would like to apply for another loan of 12,000 PHP to purchase raw ingredients and supplies needed in her business. Her profits from the business will definitely help her to sustain her daily needs and her children's educational expenses. Rosita looks forward to this financial increase with gladness and thankfulness in her heart.

Rosita hopes that her business will last and continue to help her in sustaining her family's needs. She dreams of having her own restaurant someday. She is active in attending the weekly fellowship* as she enjoys sharing God’s love and provision in her life.

* 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 Details

This is Rosita, fifty-five, a resident of Quezon City, Philippines. She is a single parent to her four children, three of whom are now working while the youngest is in high school. While attending to the needs of her family, she also keeps herself busy by looking after her business. Her income he... More from Rosita'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
  • 1464
    View loans »
    Philippines Loans Fundraising
  • $59,320,525
    Funds lent in using Kiva
  • 41.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Rosita to pay for raw ingredients and products needed in her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Sep 15, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013
This photo was used before for a previous loan for Rosita. It was first posted on Kiva on Jan, 2012. Learn More