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Hilda

Update on Hilda

Hilda previously accessed a 33,000 PHP loan that she used to buy more dried fish to expand her business inventory. Her earnings were a big help for her children's education and for the family's personal, household and business expenditures. Hilda and her husband are working hand in hand to continuously provide for their everyday expenses.

Hilda would like to apply for another 35,000 PHP loan to buy more dried fish needed for the expansion of her business. Her business profits will definitely help Hilda to sustain the family's daily needs and her children's educational expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Hilda dreams of expanding her business and of having other businesses. She hopes that all her children will finish their studies. Hilda faithfully meets up with her co-fellowship members weekly to share stories of her work and to draw strength and inspiration from the word of God she studies.

* All CCT community partners/clients are organized into fellowship groups that meet on a weekly basis. A fellowship group comprises 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 Hilda, age 49, who is a resident of Manila in the Philippines. She is married to Hilario, a laborer, and is a mother to her three children. She and her husband manage their own household while operating a business. At this time, she is working hard to continually provide income for her fa... More from Hilda'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
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Hilda to pay for more dried fish to expand her inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 21, 2012
Listed
Jan 14, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013
This photo was used before for a previous loan for Hilda. It was first posted on Kiva on Jul, 2012. Learn More