Update on LoretaThis is Loreta, who previously accessed a 20,000 PHP loan that she used to purchase more quantities and varieties of grocery items, toiletries and beverages needed in her business. Her earnings were a big help in her personal, household and business expenditures.
Loreta is requesting another 15,000 PHP loan to buy groceries, toiletries, beverages and other products to add to her current inventory. The more items displayed at the store the better, as more items to sell will result in greater profit. Her profits will definitely help her to sustain her daily needs, and she looks forward to this financial increase with gladness and thankfulness in her heart.
Loreta dreams that her business will continue to grow and hopes that her children will have stable jobs. She meets up with her co-fellowship* members to share stories of her life and business every week and draw strength and inspiration from the Word of God she studies there.
* 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 who gather each week to study the Word of God, build social capital, and repay micro-finance loans.
Previous Loan DetailsLoreta, aged 64, is a resident of Manila, Philippines. She is a mother to her children and, together with her children, manages their household while operating her business. At this time, she is working hard to continually provide income for their everyday expenses. Loreta operates a variety s... More from Loreta'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
1540View loans »
Success!! The loan was 100% repaid
- Repayment Term
- 7 months (Additional Information)
- Repayment Schedule
- May 10, 2013
- May 23, 2013
- Currency Exchange Loss:
- Nov 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.