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Felix

Update on Felix

This is Felix. He previously accessed a 17,000 PHP loan that he used to buy frozen products needed for his business. His earnings were a big help for the education of his children, as well as for their personal, household, and business expenditures.

Felix would like to apply for another 30,000 PHP loan to buy more frozen food for his business. Displaying more items at the store will result in better profits. The profits from his business will help him sustain his family's daily needs and provide educational expenses for his children. He looks forward to the financial increase with gladness and thankfulness in his heart.

Felix dreams of being able to give all of his children access to a high quality education through his hard work. He also hopes to have his family and community with him as he continues to serve the Lord Almighty through his business. He faithfully meets up with his co-fellowship* members every week to share stories of his work.

* 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 Micro Finance loans.

Previous Loan Details

This is Felix who is 47 and a resident of Silang Cavite, Philippines. He is married to Agitina, a frozen food dealer, and father to their three children. One of is children is already working; one is in college, and the other is in elementary grade. By the grace of God, Felix has managed to suppo... More from Felix'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
  • 1395
    View loans »
    Philippines Loans Fundraising
  • $59,123,575
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Felix to pay for processed and frozen meat products for his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013