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Crisencio

Update on Crisencio

This is Crisencio. He previously received a 30,000 PHP loan that he used to buy spare parts and accessories and for the maintenance of his Jeepney* unit. His earnings were a big help for the education of his children and in his personal, household, and business expenditures.

Crisencio would like to apply for another 30,000 PHP loan to buy spare parts and for the maintenance of his Jeepney unit and also to buy some equipment for his repair shop. His profits from his business will definitely help him to cover his family's daily needs and pay for his children's education. He looks forward to this financial increase with gladness and thankfulness in his heart.

Crosencio hopes to have more jeepneys and dreams that his children will have a good life and education. He meets every week with his co-fellowship** members to share stories of his life and business and also to draw strength and inspiration from the Word of God, which he studies.

* Jeepneys are the most popular means of public transportation in the Philippines. They were originally made from US military jeeps left over from World War II and are known for their flamboyant decoration and crowded seating. 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 everyday travel, and cheap enough to buy and maintain. They have become a ubiquitous symbol of Filipino culture.

** 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 Details

This is Crisencio, 34, resident of Silang, Cavite Philippines. He is married to Marilou, is self employed and father to their children. At this time, he is working hard to continually provide income for their everyday expenses. Crisencio oversees the operations of their Jeepney (* see footnote)… More from Crisencio'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
  • 486
    View loans »
    Philippines Loans Fundraising
  • $51,011,175
    Funds lent in using Kiva
  • 41.1
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Crisencio to pay for the spare parts and maintenance of his jeepney unit and also to buy some equipment for his repair shop.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 14, 2013
Listed
May 24, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 17, 2013
This photo was used before for a previous loan for Crisencio. It was first posted on Kiva on Jan, 2013. Learn More