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Felicisima

Update on Felicisima

This is Felicisima. She previously accessed an 31,000 PHP loan that she used to buy herbal medicines and food supplements to sell. Her earnings were a big help for the education of her children and in their personal, house hold and business expenditures.

She would like to apply for a 50,000 PHP loan to buy more herbal medicines and food supplements that she will sell to her customers. More items to sell will result in better profit. Her profits from the business will definitely help her sustain her daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Felicisima dreams of being able to give all her children a good and high quality education through all her hard work on her business. She aspires to attain a good position in her direct selling business and to be able to have a kiosk someday where she can display her herbal supplement items. She faithfully attends the weekly fellowship* that allows her to share her own story of 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 Felicisima, a resident of Quezon City, Philippines. She is a single parent with three children currently studying in elementary school. She keeps herself busy attending to her kids and business. She wants to provide a comfortable life for her family. Felicisima maintains a direct sel... More from Felicisima's previous loan »

Additional Information

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 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
  • 1257
    View loans »
    Philippines Loans Fundraising
  • $57,883,475
    Funds lent in using Kiva
  • 41.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Felicisima to pay for herbal supplement products needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Oct 13, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013
This photo was used before for a previous loan for Felicisima. It was first posted on Kiva on Nov, 2011. Learn More