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Update on Carolina

This is Carolina. She previously utilized a 30,000 PHP loan that she used to purchase additional quantity and variety of grocery items and products needed for her business. Her earnings were a big help for her child’s education and in her personal, household and business expenditures.

She would like to apply for another 50,000 PHP loan to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed in the store the better. More items to sell will result in better profit. Her profits from her business will definitely help sustain her family’s daily needs and child’s education expense. She looks forward to this financial increase with gladness and thankfulness in her heart.

Carolina hopes to give her child a good high quality education. She wants to have a deeper relationship with the Lord. She is active in attending the weekly fellowship* as it helps a lot in learning from the Bible. Before becoming a member of CCT, Carolina never opened her Bible, but she does now as it strengthens her spiritual 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 pay microfinance loans.

Previous Loan Details

Carolina 38, is a resident of Quezon City, Philippines. She is married to Augusto, a tricycle driver, and has a 6-year-old daughter currently studying in grade one. While attending to her husband and daughter, Carolina also keeps busy with her business as her way of helping her husband with the f... More from Carolina'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
  • 1941
    View loans »
    Philippines Loans Fundraising
  • $61,097,225
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,225 helped Carolina to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Nov 23, 2012
Dec 4, 2012
Currency Exchange Loss:
Jun 17, 2013
This photo was used before for a previous loan for Carolina. It was first posted on Kiva on Nov, 2011. Learn More