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Noime

Update on Noime

This is Noime. Her previous loan was a big help in her business. She was able to buy all the needed products needed in her variety store. This has been her business for twenty years now and it continues to grow. Aside from her variety store, Noime also has a junk shop to earn additional income. She and her husband, who is a businessman, work hard to continuously cover their everyday expenses. She has six children and most of them are still in school.

She would like to apply for another PHP 50,000 loan for her 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 expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Noime hopes for the continuous growth of her business and dreams to give her children a good life and education. She meets with her co-fellowship members* every week, to share stories about her life and business and to draw strength and inspiration from studying 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 who meet to study the Word of God, build social capital, and repay microfinance loans.

Previous Loan Details

This is Noime. She previously accessed a 25,000 PHP loan that she used to purchase more varieties and larger quantities of grocery items and products needed in her business. Her earnings were a big help for her children’s education, and in the family's personal, household and business expenditure... More from Noime'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
  • 1440
    View loans »
    Philippines Loans Fundraising
  • $59,117,025
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,250 helped Noime to pay for grocery items, toiletries and beverages needed in her business.
99% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 12, 2013
Currency Exchange Loss:
Possible
Ended:
Feb 19, 2014
This photo was used before for a previous loan for Noime. It was first posted on Kiva on Mar, 2013. Learn More