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Felicisima

Update on Felicisima

This is Felicisima. She previously accessed a PHP 30,000 loan that she used to buy additional stocks of dish-washing liquid and other products. Her earnings were a big help for paying for the education of her children and in the family's personal, household, and business expenditures.

Felicisima would like to apply for another loan, in the amount of PHP 15,000, to buy additional stocks of supplies needed in her business, like dish-washing liquid, perfume, and fabric softener. Her profits from her business will definitely help her to sustain the family's daily needs and the educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Felicisima hopes to expand her business further. Every week, she meets up with her co-fellowship* members to share stories of her life and business and to draw strength and inspiration from the fellowship and the Word of God she studies.

All Center for Community Transformation (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 Felicisima, 52, a resident of Batasan, Philippines. She is married to Romeo, her business partner, and she is a mother to their children. She and her husband manage their household while operating the business. She is a hardworking mother and she keeps on thinking of venturing to other bu... More from Felicisima'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

  • $7,000
    Average annual income
  • 1260
    View loans »
    Philippines Loans Fundraising
  • $57,866,175
    Funds lent in using Kiva
  • 42.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Felicisima to pay for additional stocks of supplies needed in her business, like dish-washing liquid, perfume, and fabric softener.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 17, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Felicisima. It was first posted on Kiva on Jan, 2013. Learn More