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Jesibel

Update on Jesibel

This is Jesibel, who has a variety store which she opened a few months ago. A previous loan with CCT was a big help in her business. She was able to buy additional sacks of rice and more cell phone credits. Her store is where she is focusing now, although she still sells electronic loads.


Jesibel is applying for a 35,000 PHP loan from CCT to buy groceries, toiletries, beverages and other products to add to her inventory. She feels that the more items displayed in her store the better and that greater profits will be the result. These will definitely help sustain her family’s daily needs and children’s educational expenses. She looks forward to this increase in profits with gladness and thankfulness in her heart and dreams of growing her business.


All CCT community clients are organized into fellowship groups of fifteen to thirty members who meet on a weekly basis. There they share stories of their work, repay microfinance loans and draw strength and inspiration from their study of the Word of God.

Previous Loan Details

This is Jesibel, She previously accessed a 10,000 PHP loan, which she used to purchase additional sacks of rice and more cell phone credits for retailing. Her earnings were a big help for her children’s education, and for the family's household and business expenditures. She would like to apply... More from Jesibel'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
  • 1455
    View loans »
    Philippines Loans Fundraising
  • $59,226,550
    Funds lent in using Kiva
  • 40.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $875 helped Jesibel to buy stock for her grocery shop.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2013
Listed
Mar 19, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2013