Update on EufemiaThis is Eufemia. Her previous loan was a big help in her business. She was able to buy the needed spare parts and accessories for her jeepney.* The loan also helped in the education of her children and in her household expenditures. She has had this business for ten years already. She and her husband woek hard to provide for their family's everyday needs.
Eufemia would like to apply for another 25,000 PHP loan to buy spare parts and for the maintenance of her tricycle unit. Her profits from her business will definitely help cover her family's daily needs and pay for her children's education. She looks forward to this financial increase with gladness and thankfulness in her heart.
Eufemia dreams that her business will expand and hopes that her children will finish their studies. She meets with her co-fellowship members** every week to share stories of her work and to find strength and encouragement from the word of God, which she studies.
* Curiously, Jeepneys have purely American origins. They were first used by American soldiers helping the Philippines throw off the invading Japanese. Filipino ingenuity, however, managed to see this vehicle as an opportunity to earn, and modified the Jeep into a 20-seater jeepney, open enough to provide adequate ventilation, sturdy enough for every day travel, and cheap enough to buy and maintain. Now, the jeepneys are one of the things that makes the Philippines truly the Philippines.
** 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 Eufemia, she previously accessed a 20,000 PHP loan that she used to buy spare parts, accessories and for the maintenance of their jeepney unit. Her earnings were a big help for the education of her children and for their personal, house hold and business expenditures. She would like t... More from Eufemia'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