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Nelsa

Update on Nelsa

This is Nelsa. She previously accessed an 8,000 PHP loan which she used to purchase a large quantity and variety of groceries and other products for her business. Her earnings helped her to pay for her children’s education and her family's personal, household, and business expenditures. She and her husband work hard to continuously support their family's needs.

She would like to apply for another 8,000 PHP loan to buy groceries, toiletries, beverages, and other products to add to her inventory. The more items displayed at the store the better because having more items to sell will result in more profit. The profits from her business will definitely help sustain her family’s daily needs and pay for her children’s education. She looks forward to this financial improvement with a thankful and happy heart.

Nelsa hopes to have good health and dreams to send all of her children to school. She faithfully meets with her co-fellowship* members to share stories of her work every week and also draw strength and inspiration from her study of the Word of God.

*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 Nelsa, 48, a resident of Baseco, Manila, Philippines. She and her husband Rogelio, a messenger, have three children. She, together with her husband and children, manages her household while operating the business. At this time, she is working hard to continually provide income for their e... More from Nelsa's previous loan »

Additional Information

More information about this loan

On Friday November 8, 2013, Super Typhoon Haiyan made its way through Southeast Asia, causing substantial damage to homes and businesses in areas of the Philippines. Given the state of devastation following this storm, borrowers living and working in these areas may have difficulty making repayments on their loans, thus making their Kiva loans higher risk. More 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

  • $1175
    Average annual income
  • 550
    View loans »
    Philippines Loans Fundraising
  • $53,351,450
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $200 helped Nelsa to buy groceries, toiletries, and beverages to sell.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2012
Listed
Jan 4, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013
This photo was used before for a previous loan for Nelsa. It was first posted on Kiva on Sep, 2011. Learn More