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Amelita

Update on Amelita

This is Amelita, 56, a resident of Manila, Philippines. She is married to Edgardo, a driver, and is mother to her three children. She, together with her husband, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses.

Amelita operates a peanut butter making business. What she basically does is buy raw peanuts and other ingredients needed in making her product from the market, process it then repacked them and sell them per piece to individuals, general store owners and the local community. Peanut butter is repacked in 250 and 500 grams plastic bottle. She also sells accessories for additional income. She earns a minimum of 300 Philippine Pesos (PHP) in sales every day.

To help her continue operations of her business, she is requesting a PHP 15,000 loan. She will be using the loan to buy additional stock of raw ingredients used in her business. She expects a boost in her business income as she expands her business.

Amelita dreams of expanding her business and hopes to have her own house and lot through all her hard work in her business. She also hopes to have a growing network of customers. She faithfully meets up with her co-fellowship members to share stories of her work every week and draw strength and inspiration from the Word of God 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 pay Micro Finance loans.

Previous Loan Details

This is Amelita, 56, resident of Pasay City, Philippines. She is married to Edgardo, a driver, and father to her three children. She, together with her husband, manages their own household while operating the business. At this time, she is working hard to continually provide income for their ever... More from Amelita'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
  • 1454
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 41.0
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Amelita to pay for raw ingredients like peanuts, sugar, oil, margarine, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2012
Listed
Nov 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 17, 2014
This photo was used before for a previous loan for Amelita. It was first posted on Kiva on May, 2012. Learn More