Update on Ma. LuisaThis is Ma. Luisa. She previously accessed a 26,000 PHP loan that she used to purchase spare parts and accessories and also to pay for the maintenance of their motorcycle. Her earnings were a big help for her child’s education and in their personal, household and business expenditures. Her other child is already working and helps them with their finances. She also has a variety store for additional income.
She would like to apply for another loan, this time for 30,000 PHP, to buy additional supplies and merchandise products like clothing, footwear, undergarments, and cosmetics needed in her business. The more items she has on display and available on hand, the better. More items to sell will result in better profit. Her profits from the business will definitely help her to sustain her child’s education and daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.
Ma. Luisa hopes to be successful in all her businesses. She meets up with her *co-fellowship members every week to share stories of her life and business and to also 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 pay microfinance loans.
Previous Loan DetailsThis is Ma. Luisa, 45, a resident of GMA, Cavite Philippines. She is married to Bienvenido, a carpenter. She is a mother to their children. She and her husband manage their own household. At this time, she is working hard to continually provide income for her everyday expenses. Ma. Luisa ove... More from Ma. Luisa'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.
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Success!! The loan was 100% repaid