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Telma

Update on Telma

This is Telma. Her previous loan was a big help in her business. She was able to buy more tanks of LPG, thus generating more income. The income from the loan also helped in her household expenditures, as well as in the education of her children. She and her husband are working hard, to provide for their family's everyday needs.

She would like to apply for another loan, in the amount of 30,000 PHP. She will use the loan to buy more tanks of LPG. Her profits from business will definitely help her to meet her family's daily needs and to pay the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Telma dreams of having her own sales stall, and hopes that her children will finish their studies. She meets with her co-fellowship members* every week, to share stories of her life and business and to draw strength and inspiration from the Word of God that 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 microfinance loans.

Previous Loan Details

This is Telma. She previously accessed a 15,000 PHP loan, which she used to buy a larger stock of tanks of LPG. Her earnings have been a big help in the education of her children and with their personal, household and business expenses. She has been in this business only one year, but it is grow... More from Telma's previous loan »

Additional 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

  • $7,000
    Average annual income
  • 1438
    View loans »
    Philippines Loans Fundraising
  • $59,289,200
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Telma to pay for more tanks of LPG to expand her product inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2013
Listed
May 20, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013