Update on NovieThis is Novie. She previously accessed a 12,000 PHP loan, which she used to purchase a greater quantity and variety of grocery items needed for her business. Her earnings were a big help for her children’s education, and in meeting the family’s personal, household and business expenses.
Novie would like to apply for another 10,000 PHP loan in order to buy more groceries, toiletries, beverages and other products to add to her inventory. The more items displayed at the store the better. More items to sell will result in higher profits. The income from this business will definitely help to meet her family’s daily needs and her children’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.
Novie hopes to be able to expand soon, just as she dreams of being able to give her family a good future through all her hard work on her business. She faithfully meets with her co-fellowship* members every week to share stories of her work and draw strength and inspiration from her studies of the Word of God.
* 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 micro finance loans.
Previous Loan DetailsThis is Novie, 50, a resident of Bacoor, Cavite, Philippines. She is married to Wilson, a security guard, and a mother to her three children. Together with her husband, she manages their household while operating her business. At this time, she is working hard to continually provide income for… More from Novie'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