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Nida

Update on Nida

This is Nida. She previously accessed a 15,000 PHP loan that she used to buy gardening materials and supplies needed in her flower business. Her earnings were a big help in their personal, household, and business expenditures.

She would like to apply for another 15,000 PHP loan. She will use the loan to buy gardening materials like wire, baskets, and supplies such as seed and fertilizer needed for her business. Her profits from this business will definitely help her sustain her daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Nida hopes that her business will continue to grow, and dreams of having a good future for her family. She meets with her co-fellowship members* every week, to share stories of her life and business and to draw strength and inspiration from the group and from 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 who gather each week to study the Word of God, build social capital, and repay micro finance loans.

Previous Loan Details

This is Nida. She grows and sells ornamental plants that are native to the Philippines. Her previous loan was a big help in her business. She was able to buy all the gardening materials she needed at that time, for her business. She started this business 20 years ago, and it is continuously growi... More from Nida'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
  • 1492
    View loans »
    Philippines Loans Fundraising
  • $59,107,075
    Funds lent in using Kiva
  • 43.7
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $350 helped Nida to buy gardening materials like wire, baskets, and supplies such as seed and fertilizer for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 13, 2013
Listed
Jun 29, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 20, 2013
This photo was used before for a previous loan for Nida. It was first posted on Kiva on Feb, 2013. Learn More