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Rodolfo

Update on Rodolfo

This is Rodolfo. He previously accessed a 15,000 PHP loan that he utilized to purchase different toys and household products. His earnings were a big help in their personal, household and business expenditures. The loan was also a big help in his children's education. He has been doing this business for five years. He and his wife are continuously working to provide income for their everyday needs.

He would like to apply for a 20,000 PHP loan for he will be utilizing the loan to buy more toys of different kinds and different household products like pails, basins, dippers and other products. The more items displayed at his rolling store, the better. More items to sell will result in better profit. His profits from his business will definitely help him to sustain the family's daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.

Rodolfo dreams to have his house renovated and hopes that his business will continue to grow. He meets up with his co-fellowship members to share stories of his life and business every week and to draw strength and inspiration from the Word of God he 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 Rodolfo, 44, a resident of Tanza, Cavite, Philippines. He is married to Sencia, a housekeeper and mother to their three children. The eldest child is already in high school while the other two are in the elementary class. Rodolfo, together with his wife, manages his own household while op... More from Rodolfo'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
  • 1651
    View loans »
    Philippines Loans Fundraising
  • $59,025,175
    Funds lent in using Kiva
  • 40.6
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $500 helped Rodolfo to pay for different toys and household products like pails, basins, dippers and other products needed in his rolling store.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 29, 2013
Listed
Feb 21, 2013
Currency Exchange Loss:
Possible
Ended:
Aug 17, 2013
This photo was used before for a previous loan for Rodolfo. It was first posted on Kiva on Apr, 2012. Learn More