Update on GemmaThis is Gemma. Her previous loan was a big help in her business. She was able to buy all the needed products for her business. She has been in this business for eight years now. The loan also helped her in sending her children to school. She and her husband are working hard to provide income for their everyday needs.
She would like to apply for another 25,000 PHP loan to buy products such as herbal medicines and food supplements. Her profits from her business will definitely help her to sustain their daily needs and educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.
Gemma dreams that her business and income will be larger and hopes that all her children will finish their studies. She meets up with her co-fellowship* members to share stories of her work every week, and 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 repay Micro Finance loans.
Previous Loan DetailsThis is Gemma. She previously accessed a 10,000 PHP loan that she used to buy herbal medicines and food supplements to sell. Her earnings were a big help in educating her children and in their personal, household and business expenditures. She would like to apply for another 12,000 PHP loan t... More from Gemma's previous loan »
About the Center for Community TransformationThe 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.
689View loans »
Success!! The loan was 100% repaid