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Erlinda

Update on Erlinda

This is Erlinda. She previously accessed a 20,000 PHP loan that she used to buy spare parts and accessories for her and her husband's tricycle along with paying for maintenance. Her earnings were a big help in meeting their personal, household and business expenditures. She also sells frozen and processed products such as hot dog, stuffed meat and ham. She also has a loading station and a food stall for additional income.

She would like to apply for another 50,000 PHP loan to buy spare parts and to pay for maintenance on their tricycle unit. She will also use the money to buy frozen foods and ingredients for her food stall. Her profits from her business will definitely help her to sustain their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Erlinda hopes to have her own house for her family and dreams of having a harmonious relationship with her family. She faithfully meets up with her co-fellowship* members to share stories of her work every week and also 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 is composed of 15 to 30 community partners. The fellowship groups gather each week to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Erlinda, 48, a resident of Batasan, Philippines. She is married to Reynaldo, a taxi driver, and she is a mother to her children. She and her husband manage their own household. At this time, she is working hard to continually provide income for her everyday expenses. Erlinda oversees... More from Erlinda'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

  • $7,000
    Average annual income
  • 1244
    View loans »
    Philippines Loans Fundraising
  • $57,812,500
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,250 helped Erlinda to pay for spare parts and maintenance of her tricycle unit.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 14, 2013
Listed
Feb 28, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013