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Annalisa

Update on Annalisa

Annalisa previously accessed a 20,000 PHP loan that she used to purchase more grocery items and products for her business. Her earnings were a big help in paying for her child’s education and their personal, household and business expenditure.

Annalisa would like to apply for another loan of 40,000 PHP to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed in the store the better as more items to sell will result in better profits. Her profits from business will definitely help to sustain her family’s daily needs and her child’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Annalisa hopes her business will grow in the coming years and she dreams of giving her family a good future through her hard work. She faithfully meets with her co-fellowship* members weekly to share stories of her work and to draw strength and inspiration from the Word of God which she studies.

* All CCT community partners/clients are organized into fellowship groups of 15 to 30 that meet weekly. The groups study the Word of God, build social capital, and encourage the repayment of micro-finance loans.

Previous Loan Details

This is Annalisa. She previously accessed a 10,000 PHP loan that she used to purchase more quantities and varieties of grocery items and products needed in her business. Her earnings were a big help in their personal, household and business expenditures. She would like to apply for a 20,000 P... More from Annalisa'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
  • 1445
    View loans »
    Philippines Loans Fundraising
  • $59,252,950
    Funds lent in using Kiva
  • 41.2
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $975 helped Annalisa to buy grocery items, toiletries and beverages for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Nov 22, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013