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Joefrey

Update on Joefrey

This is Joefrey; he previously accessed a PHP 10,000 loan that he utilized to buy fish ball products and other ingredients needed in his business. His earnings were a big help for the education of his children and in their personal household and business expenditures.

He would like to apply for another PHP 12,000 loan. He will be utilizing the loan to buy fish ball products and other ingredients. The more items displayed at the store the better. More items to sell will result for better profit. His profits from his business will definitely help him to sustain their daily needs and educational expenses of his children. He looks forward to this financial increase with happiness and gratitude in his heart.

Joefrey hopes to be able to expand soon and dreams to give his children a good and quality 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 the Word of God that he studies.

* 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 Details

This is Joefrey, 43, a resident of Tanza, Cavite, Philippines. He is married to Loleta, a housewife and mother to their four children. He, along with his wife and children, manages their household while operating the business. He works hard to provide income for their everyday expenses and to sup... More from Joefrey'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
  • $59,362,100
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $300 helped Joefrey to pay for additional stock of fish ball products and other ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013
This photo was used before for a previous loan for Joefrey. It was first posted on Kiva on Nov, 2011. Learn More