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Update on Leotina

This is Leotina. Her previous loan was a big help in her business. She was able buy more stocks of biscuits. It also helped in the education of her children. She is also selling jewelry. She and her husband are working hard to provide for their everyday needs.

She would like to apply for another loan, this time for 19,000 PHP, to buy additional stocks of biscuits to expand her inventory. Her profits from business will definitely help her to cover her daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Leotina dreams of having a stall in the mall and hopes that her other children will finish their studies. She meets up with her co-fellowship* members to share stories of her work every week, and she draws strength and inspiration from studying the Word of God.

* 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 Micro Finance loans.

Previous Loan Details

This is Leotina. She previously accessed a 15,000 PHP loan that she used to buy more stocks of biscuits to expand her product inventory. Her earnings were a big help for the education of her children and in their personal, household and business expenditures. This has been her business for ten ye... More from Leotina'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
  • 1935
    View loans »
    Philippines Loans Fundraising
  • $61,098,225
    Funds lent in using Kiva
  • 41.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Leotina to pay for additional stocks of biscuits to expand her inventory.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
May 7, 2013
May 25, 2013
Currency Exchange Loss:
Sep 17, 2013