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Update on Josephine

This is Josephine. She previously accessed a loan of 30,000 PHP that she used to buy additional stock of RTW products and supplies for her business. Her earnings were a big help for the education of her children and in their personal, household, and business expenditures.

She would like to apply for another loan of 35,000 PHP to buy additional stock of RTW products like shirts for men, women and kids and blouses. She also has a plasticware business for additional income. The profits from her business will definitely help her to sustain their daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Josephine dreams of giving her children a good and quality education and hopes to be able to expand her business in the coming years. She faithfully meets up with her co-fellowship* members to share stories of her work every week and where she also draws strength and inspiration from the Word of God that she 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 Josephine, 47, resident of Caloocan, Philippines. Her husband is Rodrigo, a vendor, and she is a mother to her 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... More from Josephine'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
  • 714
    View loans »
    Philippines Loans Fundraising
  • $63,275,575
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Josephine to pay for additional stocks of RTW products and plasticware needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Dec 11, 2012
Dec 16, 2012
Currency Exchange Loss:
Jun 17, 2013