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Nenita

Update on Nenita

This is Nenita. She previously accessed a 20,000 PHP loan that she used to purchase merchandise items and products needed in her business. Her earnings were a big help in her personal, household and business expenditures.

She would like to apply for another 20,000 PHP for her to buy additional supplies and merchandise products like clothing, footwear, undergarments, and cosmetics needed in her business. The more items displayed at the store the better. More items to sell will result in more profits. Her profits from the business will definitely help her to sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Nenita dreams to expand her business and have more sources of income. She meets up with her co-fellowship members every week to share stories of her work and to draw strength and inspiration from the word of God.*

*All CCT community partners and clients are organized into fellowship groups that meet weekly. 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 micro-finance loans.

Previous Loan Details

This is Nenita, who is 56 years old and a resident of Batasan, Philippines. She is married to Levi, a vendor, and is a mother to her children. Together with her husband, she manages their household while operating a direct-selling business. At this time, she and her husband are working hard to ea... More from Nenita'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
  • 1656
    View loans »
    Philippines Loans Fundraising
  • $59,015,550
    Funds lent in using Kiva
  • 42.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Nenita to pay for additional supplies and merchandise products like clothing, footwear, undergarments, and cosmetics needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2013
Listed
Jun 23, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013
This photo was used before for a previous loan for Nenita. It was first posted on Kiva on Jan, 2013. Learn More