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Carolina

Update on Carolina

This is Carolina, 47, a resident of Silang, Cavite Province, in the Philippines. She is married to Antonio, a driver, and 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 their everyday expenses. Carolina owns and oversees the operations of their motorized tricycle transportation business. They have one tricycle unit that will carry up to four passengers to their destinations within the community. The tricycle driver then remits a boundary (daily quota) to her every day. In her business, the regular customers are from the local community. She earns a minimum of PHP 500 every day. To help her continue the operations of her business, she is applying for a PHP 10,000 loan. She will be using the loan to buy spare parts and accessories, and also for the maintenance of their tricycle. She expects a boost in her business income as she expands her business. Carolina hopes that her business will continue to grow, and she dreams of a better life. She meets with her co-fellowship* members to share stories of her life and business every week, where she can 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 Micro Finance loans.

Previous Loan Details

This is Carolina, 46, a resident of Silang, Cavite, Philippines. She is married to Antonio, a driver. She is also a mother to her three children. By the grace of God, she has managed to support her children's schooling. At this time, she is working hard to continually provide income for her… More from Carolina's previous loan »

Additional Information

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 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

  • $1175
    Average annual income
  • 205
    View loans »
    Philippines Loans Fundraising
  • $50,652,325
    Funds lent in using Kiva
  • 40.8
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $250 helped Carolina to pay for spare parts and accessories for her motorized tricycle, and for maintenance.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 29, 2013
Listed
May 8, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Carolina. It was first posted on Kiva on Jun, 2012. Learn More