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Update on Corazon

This is Corazon. Her previous loan was a big help in her business as well as in their everyday expenses. She is already a widow, and that's why she is working hard to provide for her and her children's everyday expenses.

She would like to apply for another loan, this time for 25,000 PHP, to buy more fish, pork, chicken and vegetables needed in her business. More items to sell will result in better profit. Her profits from business will definitely help her to sustain their daily needs. She looks forward to this financial increase with gladness and thankfulness in her heart.

Corazon dreams that her children will have a good life and hopes that her business will continue to expand. She meets with her co-fellowship* members every week to share stories of her work and to also draw strength and inspiration from the Word of God she studies.

* All CCT community partners / clients are organized into fellowship groups composed of 15 to 30 community partners. The fellowship groups gather each week to study the Word of God, build social capital, and pay microfinance loans.

Previous Loan Details

This is Corazon; she previously accessed a 50,000 PHP loan that she used to buy more fish and vegetables. Her earnings were a big help in their personal, house hold and business expenditures. She would like to apply for another 30,000 PHP loan to purchase more fish and vegetables that are nee... More from Corazon'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
  • 1793
    View loans »
    Philippines Loans Fundraising
  • $60,886,450
    Funds lent in using Kiva
  • 43.4
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Corazon to buy more fish, pork, chicken and vegetables needed in her business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Jun 20, 2013
Jul 9, 2013
Currency Exchange Loss:
Jan 17, 2014