Update on RomeoThis is Romeo. He previously accessed a PHP 23,000 loan that he used to purchase quantities of raw materials, like fabric, thread, and other materials needed in his business. His earnings were a big help for the education of his children and in their personal, household, and business expenditures.
Romeo would like to apply for another PHP 27,000 loan to buy additional supplies of raw materials, like fabric, cloth, thread, and other materials needed in his business. His profits from business will definitely help him to sustain his daily needs and his children’s education. He looks forward to this financial increase with gladness and thankfulness in his heart.
Romeo dreams to have a stall in the market, to be easily seen by customers, and he hopes that his children will finish their studies. Every week, he meets up with his co-fellowship* members to share stories of his life and business and to draw strength and inspiration from the Word of God that he studies.
* All Center for Community Transformation Credit Cooperative (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 Romeo, 50, resident of Tanza, Cavite, Philippines. He is married to Milagros, a vendor and mother to their five children. Romeo, together with his wife, manage their own household while operating the business. He works hard to provide for their everyday expenses. Romeo operates a… More from Romeo'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
295View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 8 months (Additional Information)
- Repayment Schedule
- Apr 25, 2013
- Apr 29, 2013
- Currency Exchange Loss:
- Dec 17, 2013
Photo from previous loan
Kiva allows our Field Partners to re-use the same photo for individual borrowers that have been posted on Kiva's website once before in a 24 month period, and we allow them to re-use group photos for up to 24 months, provided that 80% of the current group's membership is represented.
Taking, collecting, and uploading photos of borrowers is one of the most challenging elements of using Kiva for our Field Partners. In order to make Kiva easier for Field Partners to use, we have allowed them to post successive and concurrent loans without taking a new photo of the borrower if the criteria above are met.