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Cristeta

Update on Cristeta

This is Cristeta. She previously accessed a 40,000 PHP loan that she used to purchase greater quantities and varieties of products like biscuits and different sweets. Her earnings were a big help for her child’s education, and for their personal, household and business expenditures. She also has a variety store for additional income.

Cristeta would like to apply for a new loan of 10,000 PHP in order to buy additional quantities and varieties of biscuits and sweets. She will also use the money to buy grocery items. Her profits from business will definitely help sustain her family’s daily needs and child’s education expenses. She looks forward to this financial increase with gladness and thankfulness in her heart.

Cristeta hopes that her child will finish his studies and dreams that her business will continue to be successful. She meets up with her co-fellowship* members to share stories of her life and business every week. There she can also draw strength and inspiration from the Word of God as 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 Cristeta, 47, a resident of Dasmarinas, Cavite City, Philippines. She is married and a mother to her only child. She manages their household while operating the business. At this time, she is working hard to continually provide income for their everyday expenses. Cristeta retails biscu... More from Cristeta'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
  • 1401
    View loans »
    Philippines Loans Fundraising
  • $59,122,500
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Cristeta to pay for greater quantities and varieties of products like biscuits and different kinds of sweets to expand her product inventory.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 27, 2013
Listed
Mar 14, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Cristeta. It was first posted on Kiva on Feb, 2012. Learn More