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Luzviminda

Update on Luzviminda

This is Luzviminda. Her previous loan helped her in buying more items for her buy and sell business. The loan also helped in the education of her children and in their household expenditures. She and her husband are working hard to provide for their everyday needs. She also has a variety store.

She would like to apply for another 22,000 PHP loan to buy grocery items, toiletries and beverages needed in her business. She will also use the loan in buying items for her buy and sell business. Her profits from her business will help her to sustain their daily needs and educational expenses of her children. She looks forward to this financial increase with gladness and thankfulness in her heart.

Luzviminda hopes that her business will continue to grow and dreams that her family will always have good health. She meets with her co-fellowship members* every week, to share stories of her work, and to draw strength and inspiration from the Word of God she studies.

* 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 Micro Finance loans.

Previous Loan Details

This is Luzviminda. She previously accessed a 20,000 PHP loan that she used to enlarge and diversify her product inventory. Her earnings were a big help for the education of her children, and for the family's personal, household and business expenditures. Now Luzviminda would like to apply fo... More from Luzviminda'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
  • 1647
    View loans »
    Philippines Loans Fundraising
  • $59,025,175
    Funds lent in using Kiva
  • 43.3
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $525 helped Luzviminda to pay for grocery items, toiletries and beverages needed in her business.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 10, 2013
Listed
Jul 5, 2013
Currency Exchange Loss:
Possible
Ended:
Dec 17, 2013