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Maria Lourdes

Update on Maria Lourdes

This is Lourdes. She previously accessed a PHP15,000 loan that she used to purchase quantities and varieties of grocery items and products needed in her business. Her earnings were a big help towards her children’s education, and in their personal, household and business expenditures.

Her variety store has been her business for three years now. For additional income, she also sells different tidbits, dainties and sweetmeats. She and her husband are working hard to provide income for their family.

She would like to apply for another PHP15,000 loan to buy groceries, toiletries, beverages and other products to add to her inventory. The more items displayed at the store the better. More items to sell will result in a better profit. Her profits from business will definitely help sustain her family’s daily needs and children’s education expense. She looks forward to this financial increase with gladness and thankfulness in her heart.

Lourdes dreams of expanding her business and of having more customers. She hopes to have a good life with her family and that they will have a stronger bond. She faithfully meets up with her co-fellowship* members to share stories of her work every week and also draws 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 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 Lourdes, 36, a resident of Taguig, Philippines. Her partner is Juliven, an installer. Lourdes is a mother to her children. She, together with her partner, manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday… More from Maria Lourdes'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
  • 309
    View loans »
    Philippines Loans Fundraising
  • $50,697,350
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Maria Lourdes to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2013
Listed
Jan 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Maria Lourdes. It was first posted on Kiva on Oct, 2012. Learn More