Update on FelimonThis is Felimon. He previously accessed a 50,000 PHP loan that he used to purchase ingredients for fish balls and other street foods. His earnings were a big help for the education of his children and in their personal, household and business expenditures.
He would like to apply for another 50,000 PHP loan. He will use the loan in buying more ingredients for street foods and other dainties and sweet meats. His profits from his business will definitely help him to sustain their daily needs. He looks forward to this financial increase with gladness and thankfulness in his heart.
Felimon dreams for the continuous success of his business. He meets up with his co-fellowship* members every week to share stories of his work and to draw strength and inspiration from the Word of God he 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 microfinance loans.
Previous Loan DetailsThis is Felimon, 54, a resident of Silang, Cavite, Philippines. He is married to Veronica and is a father to his children. He and his wife manage their household while operating the business. At this time, he is working hard to continually provide for his family. Felimon operates a food stall,... More from Felimon's previous loan »
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 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
1541View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Mar 25, 2013
- Apr 7, 2013
- Currency Exchange Loss:
- Oct 20, 2013